Global commercial property consultant CBRE is reporting that 2020 saw the retail property sector in Australia recalibrate as lockdowns, trading restrictions and border closures impacted trading conditions and shifted consumer demand.
The annual rate of home price growth (worldwide) increased between Q2 and Q3 2020, from 4.1% to 4.7%, and 18 international cities saw prices rise by more than 10% year-on year, up from 16 in Q2 2020.
Based on a new survey by international property consultant JLL, over 93 percent of corporate real estate leaders believe their business or recovery plans to mitigate the impact of the pandemic will be successful.
Much weaker commercial real estate investment volumes in the second quarter of 2020 reflect the impact of lockdown measures and border controls enacted to combat the COVID-19 crisis.
Global property consultant JLL is reporting this week that the full impact of the COVID-19 pandemic was felt deeper in Asia Pacific real estate markets in the second quarter of 2020 than the previous quarter.
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