2019 was also a record year for Asia. On a commercial level, we know. Asians are always able to overcome even the pylons of international trade with their initiative. But, today, we will talk about how Asia Pacific has managed to reach a real record in real estate transactions. Well, if you are ready and curious to know more, we can start our column today!
On the basis of the main statistical surveys, we can say that, in the third quarter of 2019, the highest Asian activity, reached 128 billion dollars. An exorbitant figure, but let’s go into detail to find out what were the strengths.
Between July and September, average sales rose by 18% on an annual basis of around $42 billion. The best performance to date. Compared to the previous year, we are talking about 10 percentage points more. And at a global level? In this case too, Asia has managed to stand out, with a much higher growth in volumes compared to the other continents.
Although these factors may seem more than positive, there is no lack of stalemates. Or rather, moments in which this balance can be put to the test. Asian investors, in fact, are witnessing strong obstacles not indifferent. One of these is the slowdown in growth and trade tensions. Let us not forget that the climate between Asia and America also plays a decisive role.
But which are the cities that stand out and lead the increases in transactions?
Singapore and Shanghai have reached exceptional levels.
In the first case, economic activity and, in general, investment, has grown to record highs. Shanghai, similarly, has reached 14 billion dollars since the beginning of 2019, especially in terms of cross-border investments. Singapore’s real estate sector qualifies as one of the strongest in the world, with an increase in volumes of more than 175 % on an annual basis.
The exchanges, in terms of matching supply and demand, see as protagonists Singapore and Sydney. The inflows from these exchanges exceed 88% compared to last year.
A continuum that will continue over time.
What are the strategies that allow this trend to continue, without any brakes? Without a doubt, the dense network of exchanges that only a colossus like Asia has managed to create over the years. But we must also remember the types of market to which it is addressed. These are stable segments, with ample financial resources on which the Asian economy will probably aim for an acceleration in the last quarter of the year. All this to conclude a record year with maximum results.
For more information and to stay up to date on the real estate world, we invite you to consult our daily Blog!
Read also: Property for sale China
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