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TARGET COUNTRIES FOR INVESTMENT
CANADA 2
% GERMANY 4 UNITED STATESS 10 FRANCE 2 UNITED KINGDOM 7 HONG KONG 3
SINAGPORE 4 CHINA 7
SOUTH KOREA 3 JAPAN 3
NEW ZEALAND 41 AUSTRALIA 71 RESIDENTIAL INCREASINGLY POPULAR
CBD office continues to be the preferred investment product among Pacific investors (39%), although not as dominant as last year (57%).
Industrial and logistics (36%) was joint second with residential (36%), which alongside developments (29%) has seen a significant increase in interest since last year (20%), reflecting the improving housing market. By contrast, interest in shopping centers has declined (28% vs 37% last year).
The majority of respondents plan to focus on investments in the sub US$20 million price category, reflecting the larger number of investors in this price category while 21% of respondents plan to focus on investments over US$50 million.
COLLIERS INTERNATIONAL COST OF DEBT EXPECTED TO INCREASE
The majority of Pacific investors (82%) are likely to use debt to leverage purchases in the future, which is down from 88% last year. A likely reason is that more respondents think the cost of debt has increased with only 35% reporting a fall in cost, compared with 81% last year. Going forward, a reduction in the cost of debt is considered unlikely with most investors expecting it to remain stable or increase.
Credit underwriting standards also appear to have stabilised, with 32% of respondents now considering them to have loosened this time, down from 53% last year. Most respondents expect no change to these standards over the next 12 months while the majority of investors expect to access debt exclusively through direct lender relationships (65%).
2015 GLOBAL INVESTMENT SENTIMENT REPORT
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