Investors Retreat from Aussie Real Estate

A new report, Global Real Estate Capital, published by real estate company Jones Lang LaSalle shows that investors have made a monumental retreat from the Australian property market due to the “global credit crunch.”Jones Lang LaSalle showed that the current Australian real estate investment trusts (A-REITs) have shifted from a buyers’ to a sellers’ market. Part of the reason may be the skyrocketing cost of borrowing as well as declining capital values. Read more

Dubai Market Improves

The real estate market in Dubai is close to evening out but still remains a buyer’s market. Marios Maratheftis, regional head of research at Standard Chartered, said that the prices are “very close” to correction. Read more