outlook

"Japan remains a popular destination for international real estate capital due to its stable government, the resilience of its large economy and its attractive funding conditions. The country typically accounts for the largest share of real estate transaction volumes in the region, supported by a strong domestic investor base. While the country’s population is ageing and shrinking, this is occurring at manageable levels, at least over the next decade. Looking ahead, the depth and liquidity of the Tokyo market is increasingly being mirrored in other cities including Osaka, Nagoya, and Fukuoka, offering a more diverse choice to investors."

"The current difficult circumstances serve as a strong catalyst for the emergence of new trends and distressed opportunities. There are numerous keen investors on the lookout for such distressed assets, and therefore opportunities are unlikely to be as abundant as one might hope."

"With Japan continuing to exude stability amid the global pandemic, the country should continue to attract international capital going forward. In the meantime, domestic corporates are likely to offer opportunities through real estate dispositions aimed at offsetting the impact of COVID-19 and improving capital efficiency."

"China has witnessed a lending boom ever since the Global Financial Crisis (GFC) in 2008. Companies and the country have become reliant on access to ever-larger amounts of credit for sustained growth. "

"As challenges grow for the Chinese economy, Savills 2019 Outlook report examines key real estate trends in China and provides highlights of market performance and prospects of eleven leading cities."