World realty investment to reach $45 trillion by 2020
28 Feb 2014 5:33 AM IST
Driven by rapid urbanisation and demographic changes, especially in emerging markets, global real estate investment is likely to rise 55 per cent to $45.3 trillion by 2020 from $29 trillion in 2012, according to PwC. In a report Real Estate 2020: Building the Future, PwC said investment in developing Asia-Pacific countries, which includes India, is likely to rise by 140 per cent to $10.2 trillion by 2020 from $4.3 trillion in 2012.
‘Rapid urbanisation and demographic changes, especially within emerging markets, will lead to substantial growth in the real estate investment industry over the next six years,’ PwC Executive Director (Capital Markets) Shashank Jain said. The expansion will be the greatest in the emerging economies, where economic development will lead to better tenant quality and, in some countries, clearer property rights, and will play out across housing, commercial real estate and infrastructure.
‘Real estate is an integral part of the emerging markets’ growth phenomenon. In India, for example, real estate has played a large part in driving economic growth. It’s an exciting time for the real estate sector, in an emerging country like India,’ he said.
The investment in Asia-Pacific countries is higher than the USA, Europe, Latin America, developed parts of Asia Pacific and Sub-Saharan Africa and West Asia and North Africa.
‘Rapid urbanisation and demographic changes, especially within emerging markets, will lead to substantial growth in the real estate investment industry over the next six years,’ PwC Executive Director (Capital Markets) Shashank Jain said. The expansion will be the greatest in the emerging economies, where economic development will lead to better tenant quality and, in some countries, clearer property rights, and will play out across housing, commercial real estate and infrastructure.
‘Real estate is an integral part of the emerging markets’ growth phenomenon. In India, for example, real estate has played a large part in driving economic growth. It’s an exciting time for the real estate sector, in an emerging country like India,’ he said.
The investment in Asia-Pacific countries is higher than the USA, Europe, Latin America, developed parts of Asia Pacific and Sub-Saharan Africa and West Asia and North Africa.
Next Story
