Property markets in Asia outperforming UK and the Eurozone

UK and Eurozone property markets are being outperformed by those in South America, Asia and Eastern Europe, according to a survey.

The Royal Institution of Chartered Surveyors' (Rics) Global Property Survey revealed that occupier demand is rising in the majority of countries across the globe.

However the main exception is the UK and Eurozone countries, Property-report.com reported.

Brazil is leading with the net balance of surveyors reporting a rise in occupier demand increasing from 70 per cent to 85 per cent. Markets in Peru and China have also been performing well.

"The real estate world continues to be split broadly speaking between the emerging and developed economies," Rics chief economist Simon Rubinsohn said.

"Strong growth in many of the former, including the likes of Brazil, Hong Kong and India, is continuing to boost demand for new space from occupiers as well as encouraging investment activity."

The Rics is the leading professional body for qualifications and standards in land, property and construction.

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