A recovery in commercial real estate investment in Asia-Pacific is likely to be delayed until later this year or early next year as bets on interest-rate cuts failed to materialise and buyers remained on the sidelines for longer, according to CBRE. Japan was the top-ranked market on solid fundamentals.
Investment fell by an annual rate of 14 per cent in the region last quarter as high interest rates kept prices of commercial properties elevated, according to a survey published by the property consultancy on Monday. Investors in the region, especially real estate funds, property companies,…
