Australia's real estate sector continues to see investment from Asia
as slowing local markets and an attractive AUD exchange rate present
opportunity, particularly to the property manager. Investment is strongest in
the retail sector and is expected to mitigate the downturn in mining output and
export production affecting in demand for storage facilities in the industrial
sector. Such demand in the retail sector from consumers and investors alike
stands to benefit the large shopping mall complexes and luxury retailers as
demand for the traditional high-street store is seen to be tapering off.
Australia's real GDP growth slowed further in Q215 coming in at a
subdued rate of 2.0% y-o-y, versus an upwardly revised rate of 2.5% y-o-y in
Q115, bringing economic growth for the first half of the year to 2.3% y-o-y. We
continue to see headline GDP growth at subdued levels over the coming quarters
due to domestic and external economic weaknesses, and we therefore maintain our
below consensus 2015 and 2016 real GDP growth forecast of 2.3% (versus 2.7% in
2014).
For
more information on this report, please visit- http://www.marketresearchreports.com/business-monitor-international/australia-real-estate-report-2016
The office sector continues to offer the most promise regarding
rentals, as Grade A establishments remain in high demand and lack of available
space is pushing upward trend. Industrial real estate also represents a
potential area for investment as the limited space, good demand and
inauguration of national 'reindustrialisation' looks to offer opportunities in
the mid-term. We opine that Retail will witness further contractions and advise
vigilance when considering this market over the same period.
We have revised our economic forecast for growth in Hong Kong with
real GDP to remain steady at 2.5% over 2016, no change from 2015, as the
regional pressures, predominantly stemming from fiscal reforms and corrections
in China, Hong Kong's largest trade partner, weigh-in on demand into the Asian
Tiger economy. A main culprit that has subdued interest is the strong national
currency. The HKD is tied to the US dollar, the recent rally in the greenback
has seen Hong Kong exports become less competitive and the city viewed as a
more expensive destination for travel and commerce. However, promising
underlying macro-economic factors, such as rising private consumption, and the
fact that foreign companies are interested in Hong Kong's semi-autonomous
market due to its transparency and strong legal accountability, will keep
demand particularly strong in areas such as tertiary services. We therefore
opine real GDP to grow 1.1% to 3.6% by 2017. All three real estate sub-sectors
that we cover are likely to benefit from the improving economic situation, and
see activity rise across the medium term.
For
more information on this report, please visit- http://www.marketresearchreports.com/business-monitor-international/hong-kong-real-estate-report-2016
Buoyed by a steady and robust economy,
the medium-term outlook for Poland's real estate sector is bright. Strong
growth in service sector output should drive demand for office space. The retail
real estate sector should benefit from the impact of higher purchasing power
and consumer spending which will increase retailers' requirements for space,
while the industrial market is likely to be positively impacted by the increase
in trade as well as on-line retailing and e-commerce, which will help to
increase demand for storage space and ensure market dynamism.
The Polish economy is expected to see
strong steady growth over the next five years. GDP is forecast to pick-up next
year to 4.0% and to average at 4.2% per annum over the period 2017-19. An
affluent population, rising private consumption and a strong manufacturing and
external sector will ensure all three markets in the real estate sector will
benefit.
For
more information on this report, please visit- http://www.marketresearchreports.com/business-monitor-international/poland-real-estate-report-2016
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