Asia

Investment Perspective - Asia Overview

Wide divergence in market fundamentals across property types and geographies

Investment Perspectives: Asia Overview

In Asia, the macro story is mixed, with the real estate market price correction mild in comparison to the U.S. and Europe, thanks to relatively healthy fundamentals and resilient domestic liquidity. Inflation generally has remained sticky and while trending down, has been meaningfully above pre-pandemic levels. This has kept interest rates elevated. The exceptions remain China (where deflationary pressure is apparent due to domestic economic weakness) and Japan (where rates rose for the first time in 17 years in March 2024).

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By: Tim Jowett
Head of Asia Research

Our research shows rents in developed Asia have historically exhibited strong growth in periods of higher inflation.

Tim Jowett, Head of Asia Research

Looking forward to the second half of 2024, sustainable income growth remains our priority. With higher rates, we expect spreads to be lower than pre-pandemic levels, but our research shows rents in developed Asia have historically exhibited strong growth in periods of higher inflation.

What are the forward-looking trends in Asia?

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Disclaimer


The content herein and in the report is provided for informational purposes only. Nothing above or in the report constitutes investment, legal, or tax advice or recommendations. Such content should not be relied upon as a basis for making an investment decision and is not an offer of advisory services or an offer to invest in any product or asset class. It should not be assumed that any investment in an asset class described herein will be profitable. Any projections, estimates, forecasts, targets, prospects and/or opinions expressed in these materials are subject to change without notice. Opinions or beliefs expressed in these materials may differ or be contrary to opinions expressed by others. Certain information above and in the report has been obtained from third-party sources. Hines has not independently verified such information.


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