For the first time, the Asia-Pacific region has overtaken Europe to become the largest real estate investment market in the world.
The Asian-Pacific market grew 9% in the past year and is now worth US$4.6 trillion, compared to Europe’s US$4.4 trillion after growth of 2%. The North American market is the third largest market, worth US$3.9 trillion.
The surge in the construction of skyscrapers in the Asia-Pacific region is one sign of the recent construction boom—half of the world’s 100 tallest buildings are located there, and nearly a third of them in China.
China is now the world’s second largest national market, trailing only the United States.
Source: Asia-Pacific takes top place for property investments | Financial Times