Asia-Pacific leads rebound in real estate transactions
Transaction volumes in the region jump 44% in the third quarter against a 15% rise globally. This upward trend is forecast to continue given Asia-Pacific’s share of investible real estate.
Third-quarter data on real estate transaction volumes worldwide reaffirms the view that Asia-Pacific is a hot-spot in global terms.
Transaction volumes in the Asia-Pacific increased 44% to $20.8 billion during the quarter as the region resumed its upward trend. It follows a second-quarter blip blamed on domestic cooling measures brought in by Beijing.
Global transaction volumes also returned, rising 15% quarter-on-quarter to total $303 billion for the past 12 months – a 47% increase…
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