Markbericht Asien Jan10

Economies in Asia have emerged in reasonably good shape.

Executive Summary

• Asian economies ended the year on a positive note, as fears of a severe recession proved unfounded. Growth in China and India was respectable, while other countries in the region experienced a soft landing.
  
• Spreads of debt products dropped in 2009 as credit markets rallied. Meanwhile, banks became more flexible in lending on commercial real estate.
  
• Demand for office space is selective returning. Class-A offices will be in a better position compared to second-tier assets due to a flight to quality.
  
• The region’s retail market should improve this year as the economy finds a firmer footing. As more indicators point to economic stability, consumer spending will steadily improve, prompting retailers to revive expansion plans.
  
• While 2010 should be a year of opportunity in Asia, there will be risks. Asia’s real estate market will continue to recover as long as the global financial markets are healthy.