The sentiment among real estate agents towards investments in global commercial property is improving, the Royal Institution of Chartered Surveyors (Rics) has said.
Its fourth quarter Global Commercial Property Survey found that agents in approximately three quarters of the countries represented reported greater demand from tenants for commercial property in the final three months of last year.
The survey also found that expectations for both rents and capital values on balance continue to improve.
For the investment market, capital value expectations were most favourable in Asia and Latin America, it revealed.
Simon Rubinsohn, Rics chief economist, said: "Sentiment seems to be improving across much of the global commercial property market. Solid growth in Asia, Latin America and parts of Eastern Europe is providing significant support for the real estate sector."
The Rics Global Commercial Property Survey is a quarterly guide to the developing trends in commercial property investment and occupier markets in close to 50 countries around the world.
Outlook for global commercial property investments continues to improve
Outlook for global commercial property investments continues to improve
Tue, 15 Feb 2011
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