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Global property market update

Global property market update PM Editorial 36,2 Once again, it is time to reflect on the global property market and to see what might be in store for property managers in 2018. In last year’s editorial at this time, I reported on the continuing low interest rate environment and the growing demand for quality property investments particularly in developed markets. Also, at that time I flagged the US Reserve Bank as the only country increasing interest rates. The prediction at that time was that yet more funds would find their way into the real estate sector. This prediction has proved correct, the USA continues to indicate that official interest rates will continue to rise, albeit, at a slightly slow pace than predicted last year. In 2017, the global property market saw increased investment activity with capital growth in the region of 6 per cent and rental growth of around 4 per cent ( JLL, 2017). This growth is not even across all regions. Europe and Asia in particular have seen stronger growth although, the Asian rise is in part a result of qualitative easing rather than economic fundamentals (Savills, 2017). There remains good demand for office space particularly in Europe where JLL (2017) http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Property Management Emerald Publishing

Global property market update

Warren, Clive M.J.
Property Management , Volume 36 (2): 3 – Apr 16, 2018
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References (1)

Publisher
Emerald Publishing
Copyright
Copyright © Emerald Group Publishing Limited
ISSN
0263-7472
DOI
10.1108/PM-02-2018-0012
Publisher site
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Abstract

PM Editorial 36,2 Once again, it is time to reflect on the global property market and to see what might be in store for property managers in 2018. In last year’s editorial at this time, I reported on the continuing low interest rate environment and the growing demand for quality property investments particularly in developed markets. Also, at that time I flagged the US Reserve Bank as the only country increasing interest rates. The prediction at that time was that yet more funds would find their way into the real estate sector. This prediction has proved correct, the USA continues to indicate that official interest rates will continue to rise, albeit, at a slightly slow pace than predicted last year. In 2017, the global property market saw increased investment activity with capital growth in the region of 6 per cent and rental growth of around 4 per cent ( JLL, 2017). This growth is not even across all regions. Europe and Asia in particular have seen stronger growth although, the Asian rise is in part a result of qualitative easing rather than economic fundamentals (Savills, 2017). There remains good demand for office space particularly in Europe where JLL (2017)

Journal

Property Management – Emerald Publishing

Published: Apr 16, 2018

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