Recovery in real estate will likely begin in 2010 and vary by market. One silver lining found in this Jan/Feb '09 report, is that with little new inventory coming on line, the industry should recover faster than we have seen in the past.
LISTEN to the Economic Pulse debrief by the report's author, Ken McCarthy, Managing Director, US Research Services
The full force of the economic downturn is now being felt in Europe. As our Jan/Feb '09 report indicates, it is clear there is further bad news to come as corporate de-stocking and weakening exports add to the problems caused by consumer stress, credit shortages and uncertainty in the financial markets.
LISTEN to the Economic Pulse debrief by the report's author, David Hutchings, Head of European Research Group
With most of the world in recession, recovery is more likely to start in 2010 according to our Jan/Feb '09 report. Landlords can expect to see tenant demand continue, supported by Asia's increasing share of global consumption, investment and manufacturing. In the short term, tenants should be able to trim their occupancy costs to help see them through this slow growth phase.
LISTEN to the Economic Pulse debrief by this report's author, Megan Walters, Chief Economist, Asia Pacific
For investors who are prepared to take a long-term view, Indonesia has a great deal to offer, including its low-cost base from which to operate. As this report examines, Indonesia may present a risk-return equation, but with Asia standing to benefit from global shifts, the country could be one of the winners. The next step is to introduce trade, economic and financial policies to boost investment.
Just as every expansion contains the seeds of the next recession, this report explains why the flip side - that every recession contains the seeds of the next expansion — is equally true, and predicts when the turnaround will take place.