Global Market Perspective - Second Quarter 2012

The world's major commercial real estate markets have been in recovery mode since the crisis of 2008/2009, with 2011 having shown the strongest evidence of an upswing so far.
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead GrowMyMoney IThe Winning Leap SME Special
Moneycontrol

moneycontrol

Home » News » Real Estate

Source: Moneycontrol.com

Global Market Perspective - Second Quarter 2012

The world's major commercial real estate markets have been in recovery mode since the crisis of 2008/2009, with 2011 having shown the strongest evidence of an upswing so far.

Like this story, share it with millions of investors on M3

Global Market Perspective - Second Quarter 2012

The world's major commercial real estate markets have been in recovery mode since the crisis of 2008/2009, with 2011 having shown the strongest evidence of an upswing so far.

Post Your Comments

Share Cancel

By Jones Lang LaSalle India

A Measured Recovery 

The world's major commercial real estate markets have been in recovery mode since the crisis of 2008/2009, with 2011 having shown the strongest evidence of an upswing so far. As we move through 2012 nonetheless, first quarter market data suggests a slowing in forward momentum, with investment and leasing volumes down by about one-fifth on a year ago. We believe this is a lagged market response to the escalation of the euro crisis during the second half of 2011 and, as such, it is likely to be a temporary slowdown. Given the more positive outlook for the global economy, the significant weight of capital targeting commercial real estate and the strong pipeline of deals, we fully expect the global real estate markets to resume their steady, measured recovery path during the remainder of 2012. 

India Perspective:

- India's economic growth is expected to ease to just below 7%, a result of weakening exports and investment spending, while the country's lack of progress on structural reform remains a persistent downside.

- Despite RBI initiating cuts in term rates to improve liquidity, the ongoing 'policy paralysis', if continued, will slow monetary easing, possibly stalling any recovery.  High oil prices also remain a dampener for dynamic but oil-intense economies such as China and India most vulnerable. 
- However, most emerging markets continue to perform above average, particularly those with strong domestic corporations (e.g. China) and/or IT-BPO functions (e.g. India and the Philippines)

- Technology occupiers continue to expand in India, albeit at a slower pace. While large IT-ITES corporations are cautious in expanding their offshore centres in India, some traction has been seen from Level II IT-ITES firms.


"The outlook for India's commercial real estate market remains favourably balanced, though we are definitely looking at a more rationalized growth over the mid-term," says Anuj Puri, Chairman & Country Head, Jones Lang LaSalle India. "Two immediate causes for concern are the slowdown in the country's export markets and the continued absence of positive policy reforms which would help increase foreign investments into the sector."

Buy, Hold, Sell ? Hear it first on M3
Global Market Perspective - Second Quarter 2012

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login