Asia Pacific favoured by British overseas property investors

According to new research by Aviva Investors, British buyers of overseas property currently favour investments in the Asia Pacific region.

The survey revealed that seventy-four percent of British investors expect to buy real estate overseas within the next three years, with the Asia Pacific region being widely regarded as the best area for potential return on investment.

In total, sixty percent of investors who took part in the survey said they were looking to buy in the Asia Pacific region.

Twenty percent of the participants said they intended to buy in the UK. Just ten percent were looking to buy in continental Europe, with the US was favoured by eleven percent.

Key reasons for British investors being attracted to the Asia Pacific region were, Asia’s recovery from the global recession and the growing importance of Asian economies on the world financial stage.

Ian Hally, chief executive for Aviva Investors, commented; “Real estate is a key asset class for long-term investors, but questions have been asked recently about whether there is any value left following this year’s rally in the UK.”

“Asian economies look to be much better placed for recovery than their western counterparts, making real estate investments in the region particularly compelling, which has been less reliant on debt over the past decade at a government, corporate and personal level. This should lead to stronger investor and occupier demand,” he added.

Frank Khoo, global head of Asia investment company AXA REIM, said; “There is no doubt that investors are now recognising that the pace of growth in the Asian property market is likely to outpace that of both the US and Europe. As such, they are increasingly prepared to consider exposure to the region when building up a balanced global strategy.”

According to Singapore based property brokerage Ocean Villas Group (), during the first three quarters of 2010 direct real estate investments in Asia totalled US$46 billion; double the amount for the same period last year.

Author:

Rebecca Smith

Rebecca is the director of Ocean Villas Group ().

Ocean Villas Group are specialists in lifestyle and investment property worldwide and are committed to supporting investors in both the emerging and established property markets across the globe.

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