Jakarta Real Estate News
Jakarta
The World's Luxury Property Markets Go Negative in 2023
Based on Knight Frank's latest Prime Global Cities Index (PGCI), which tracks prices in 46 leading prime markets worldwide, fell by 0.4% in the 12 months to the end of March 2023. This marks a sharp reversal from a peak of 10.1% growth in the fourth quarter of 2021.
Asia Pacific Commercial Property Investment Implodes 30 Percent Annually in Early 2023
According to new data by global real estate consulting firm JLL, commercial real estate investment activity in Asia Pacific declined by 30% year-on-year in the first quarter of 2023, as total investment activity in the region reached $27 billion.
While Global Commercial Transactions Dip 20 Percent in 2022, Japan Was Spared
CBRE Japan is reporting that while commercial real estate transaction volume declined by 20% year-over-year globally in 2022, investment volume in Japan remained largely unchanged, with only a 2% fall from the previous year.
Asia Pacific Commercial Investment Dives 27 Percent in 2022
Commercial real estate investment in Asia Pacific in 2022 declined by 27% year-on-year as a tightening interest rate cycle and global macroeconomic uncertainties influenced decision-making.
