10 Feb '11, 10pm

Commercial property on fast upward track in Asia and CEE: DTZ

SINGAPORE - The path of the two-speed global economic recovery, currently under way, will determine the prospects for commercial property markets worldwide, property consultant DTZ said in its 2011 Global Outlook report. The report states that strong economic growth projections in most Asian and Central and Eastern European countries will trigger strong occupier demand. The growth will also underpin strong rental and capital gains for real estate. In contrast, a protracted recovery in the euro zone, where gross domestic product is likely to expand at a slower pace, will produce more subdued increases in rents and capital values, according to the report. DTZ forecasts modest capital growth across most regions between 2011 and 2015, with current economic, financial market and regulatory uncertainties continuing to influence the pattern of recovery. DTZ predicts that during t...

Full article: http://www.todayonline.com/Business/Property/EDC110211-00...

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