According to Sigrid Zialcita, 2010 yielded positive surprises, with the regional economy returning to solid growth this year. The surge in exports and resilience in domestic demand have been the driving force of the economic bounce back in the region. China, India and Singapore are the fastest growing economies, with China overtaking Japan as the world’s second largest economy, exporter, and, now, the largest contributor to increases in global GDP.
As Ken McCarthy explains, recovery is slowly underway but it will take significant job growth, especially in the U.S., to spur the economy and real estate markets. Brazil is an exception: In Rio de Janerio, rents have soared by 60% this year so far and are expected to go higher. Mexico is stabilizing quickly and Canada, with its solid banking system and wealth of natural resources, is faring better than expected.
In Europe, as David Hutchings explains the fog of uncertainty that European occupiers and investors have grappled with appears to be lifting. European unemployment stabilized more rapidly and is now starting to fall in some areas.
Germany and Sweden are showing significant improvements, while Norway and the UK are also expected to outperform in 2011. Poland continues to stand out, while Russia, Slovakia and Turkey are also fairing well. Fighting back are Ireland, Estonia and the Ukraine. Greece, Portugal and Spain have further struggles ahead.
Listen to Ken McCarthy, Managing Director, US Research Services, explain how recovery is slowly underway but it will take significant job growth, especially in the U.S., to spur the economy and real estate markets. Brazil is an exception: In Rio de Janerio, rents have soared by 60% this year so far and are expected to go higher. Mexico is stabilizing quickly and Canada, with its solid banking system and wealth of natural resources, is faring better than expected.
Listen to David Hutchings, Head of the European Research Group explain how the fog of uncertainty that European occupiers and investors have grappled with appears to be lifting. European unemployment stabilized more rapidly and is now starting to fall in some areas.
Germany and Sweden are showing significant improvements, while Norway and the UK are also expected to outperform in 2011. Poland continues to stand out, while Russia, Slovakia and Turkey are also fairing well. Fighting back are Ireland, Estonia and the Ukraine. Greece, Portugal and Spain have further struggles ahead.
Sigrid Zialcita, Managing Director Research, Asia explains how 2010 yielded positive surprises, with the regional economy returning to solid growth this year. The surge in exports and resilience in domestic demand have been the driving force of the economic bounce back in the region. China, India and Singapore are the fastest growing economies, with China overtaking Japan as the world’s second largest economy, exporter, and, now, the largest contributor to increases in global GDP.
With a slow recovery from recession and with companies continuing to focus on being located in cities that can provide them with a cost effective yet efficient base, cities continue to be in competition with each other to attract inward investment. The European Cities Monitor examines a number of key issues that corporates consider when considering new locations and indicates how effectively each European city is perceived to perform and where improvements are seen to have been made over the last year.
View our European investment presentation and listen to our panel of seasoned professionals debate the opportunities for the real estate investment markets across Europe in second half of 2010 and into 2011.
In the year to date, 2010 has continued in much the same way as 2009, with shopping centre development activity remaining subdued. Indeed, just over 2.1 million sq.m of new shopping centre space was completed in the first six months of the year, approximately 30% down on the same period in 2009. In total, 64 new shopping centres opened, representing around 85% of total new space, with refurbishments and extensions accounting for the remainder. Total shopping centre GLA now stands at just under 129.2 million sq.m for the whole of Europe.