Japan Leader in Expectations for Commercial Property Growth: New Survey

Posted on 13 November, 2014 by Jodee Redmond

The results of Quarter 3, 2014 Royal Institution of Chartered Surveyors’ (RICS) Global Commercial Property Monitor have been released, and Japan is on top when it comes to expectations of growth in commercial property values and rents. The survey also found that the UK and New Zealand are close behind, however.

Closeup of a Japanese flag with blue sky

There are improvements in Spain, Portugal and Ireland. France leads in the area of rising investor inquiries, but that has not yet fed through to capital value projections, which are still subdued.

The survey results revealed that there is momentum in Germany, the US, United Arab Emirates and Hungary. Growth in tenant demand was particularly noteworthy.

The medium-term prospects for India are encouraging for the country, with sizeable gains being projected for rents and capital values of approximately 10% per annum over the next three years.

In China, growth in supply of commercial property is outstripping demand in the investment and occupier sectors. This is contributing to a flat short-term outlook for both rents and capital values. For the first time since 2009, OSI and ISI readings have been negative for two consecutive quarters.

South African trends are similar to those in China. Investor interest has gone up over the past three months.

Sentiment in Russia and Brazil is declining across the board. There has been an ongoing situation in Brazil for the past two years with moderating economic growth and higher interest rates taking their toll on the real estate market.

In Russia, approximately three-quarters of those surveyed said that sanctions are affecting business, and half predicted there could be more bad news to come.




Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.


Recent Posts

The best places to stay on the Riviera

The latest property data has identified Newquay as the fastest property seller’s market in the UK

Investing in your garden can increase your property’s value

French Riviera temping high-end homebuyers

How can the ownership rights of my commercial property impact a business sale?

Should I incorporate virtual property viewings permanently?

Investment expected to increase across Asia-Pacific in 2021

UK property industry slows as the conclusion of tax break looms

BNP Paribas cautioned investors on Friday as debt-trading bonanza that increased its earnings this past year

Over 300,000 property purchases fell through in 2020 – we show the most frequent motives and the best way to get your house sale back on track

House Prices in the Capital Surpass £500,000

Optimism from the Bank of England’s chief economist

The most expensive commercial properties.

Businesses operating from shared premises will miss out on grants

BA cuts 12,000 jobs, unions hit back

Media Streaming Service See Record Subscriptions