Global Real Estate Market Perspective

Global Real Estate Market Perspective
January 2010
Solutions, surprises and strategies for a cool recovery
Anuj Puri, Chairman & Country Head, Jones Lang LaSalle Meghraj:
“As expected, India is among the countries whose real estate markets will usher in decisive recovery in 2010. While commercial real estate remains generally subdued, we are seeing evidence of faster revival in cities where it matters most. Considering the symbiotic relationship that all segments share in India – and factoring in the number of transactions underway and lined up for 2010 – we are poised for the next stage of holistic, rational recovery this year.”
India-specific findings:
According to the global Manpower Employment Outlook survey released in December, hiring plans are strengthening across all major Asia Pacific economies, except Japan, with the strongest prospects in India, Singapore, Taiwan and Australia
Except for those markets that face a large supply pipeline such as Singapore, Beijing and cities in India, regional office markets are likely to turn the corner by the end of 2010 and return to their normal growth trend from 2011 onwards.
The larger emerging markets (China, India, Brazil) are being looked to for speedy recovery and for new opportunities as the rest of the world regains its confidence.