Categorized | International

Global Commercial Property Remains Strong Despite Poor Economic Outlooks

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While the overall global economic and housing outlook continues to struggle, global commercial property has remained surprisingly strong. The global market has been able to remain successful much due in part to an increase in new development starts across such nations as Brazil, Russia, Malaysia, and Poland. These increases have taken place despite increased energy costs, and they look to see even great improvement in the next year.

China is another nation that has had great success within their commercial real estate market, even with government restrictions being put in place to slow down the market. Not every nation has enjoyed similar success, however, as the United States continues to struggle, and the commercial real estate market in India has started to slow down. However, even with the struggles of those two nations, the overall outlook on global commercial property is one of strong optimism.

The continent of Europe has seen a sharp divide in the overall results of the commercial real estate market, with much of central and Eastern Europe seeing great success. However, nations such as Spain, Ireland, Portugal and Greece have all had a grim outlook due to their very weak economies.

The recent commercial property reports may further indicate a changing of the guard in terms of global economic strength, as nations such as Brazil, Russia, and China continue to achieve great success in their real estate sectors. On the other hand, the United States and much of Western Europe have had shown very few indications that they will be able to rebound in the near future.

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About Nancy Raven

Nancy is the main writer for the International section of the website. Sometimes she also helps Drew out on the Finance/Mortgage section as well.

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