UAE and Japan are World’s Top-Performing in Property Markets- Survey

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A new global property survey says that UAE and Japan outstand as world’s top-performingUAE and Japan are World’s Top-Performing in Property Markets- Survey market in terms of occupier demand and investment activity.
Royal Institution of Chartered Surveyors reported that UAE throned the worldwide poll in occupier sentiment category. This simply explains that majority of surveyors expecting rents to increase over the next quarter.
On the investor sentiment side, UAE ranked 2 which outwitted by Japan focusing on the expectation of capital values increase.
RICS said that the UAE market had “been supported by the geopolitical situation through its position as a regional safe haven”, as well as a gradual economic recovery on the back of an improvement in bank lending.
Meanwhile, Japan which outsmarts UAE on the investor sentiments has been boosted by a huge stimulus package aimed at ending the country’s deflationary cycle by doubling the size of its monetary base.
“The big splurge in public spending in Japan is not only leading to a more positive view on the macro outlook but also increasing the attractions of commercial property investment. Interestingly, the latest RICS results also show the rebound in the UAE is continuing apace, especially in the prime segment”, RICS Chief Economist said.