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The Property Market in Asia

The Property Market in Asia

Despite the fact that many investors traditionally eye on European countries and the United States, the Asian real estate market is also gaining momentum, confidently shifting financial flows in its direction.

In the trend are both tourist destinations and business centers of Asia.

First of all, it is worth noting the interest in countries such as Thailand, Macao, the Philippines, Vietnam, and Hong Kong. Although, other states of the Asia-Pacific region deserve attention from investors. Asia is becoming very popular among tourists, labor migrants, and foreign investors.

What are the reasons for it to increasingly penetrate the global real estate market?

The most significant are socio-economic and natural-geographical. Asian countries provide ample opportunities for employment or business, as well as attract with its places of interest, warm climate, and plenty of sunny days. Many countries of Southeast Asia have leading positions in the global property world.

Thus, the Asian real estate market is rapidly developing, as the demand for residential, industrial, retail, and office space is rapidly increasing. And where the excitement takes place, a speculative pricing policy certainly begins. Demand always generates a proposal, thanks to which developers are trying to significantly increase their income.

 

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Proptech in Asia

The developed countries of the Asia-Pacific region, such as Singapore, Hong Kong, and Japan, will have a greater chance of increasing the transparency of the real estate market through the proptech solution (the collecting terminal used to identify startups offering technologically innovative products and new business models for real estate markets).

According to the JLL Global Transparency Index (GRETI) 2018, these leading investment areas have the most “highly transparent” level and allow Asia to join the group of countries with the most transparent real estate market. Among them are Australia, New Zealand, the United States, and the United Kingdom.

The popularity of proptech is growing rapidly, especially in Asia, although its adoption is still relatively weak compared with North America and Europe. Its potential benefits are not limited to transparent markets, but they can also contribute to increased transparency in Chinese markets, for example. There is a large manufacturing sector, but it lacks traditional data sources.

Find your property in Asia with Efestio.com – your go-to portal for real estate properties worldwide

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