Asian Influence
Commentary on the article: Asian looking again at In the beginning of the last year, Taiwanese and Singaporeans came to Vancouver with a lot of money looking for prospects in the real estate market. These business people were looking for rental building, which were the "hot ticket" in real estate according to Vancouver relater John Gee The part of the city, which is attracting these buyers, is the West End of Vancouver, where the vacancy rate is about 1%. Even though some people feel real estate is really strong, others are trying to sell their buildings citing that the real estate market is stagnant. After reading this through I think that the Asians are doing the wrong thing by getting in to the real estate business because it is slow. It may take along time to recover their investmentoff the rental buildings. I also that the property value could decrease in price because most of the properties in Vancouver, especially commercial real estate, are overpriced. However, factors attracting overseas investors include low vacancy rate, low interest rates, and a
For investors who want security and a modest return the commercial real estate market offers great opportunities. In summary, the real estate market in Vancouver provides a secure investment climate for Asian investors, however they should be wary of the market stabilizing over the short term. . On the other hand Asian investors can receive larger returns in their homeland.
Common topics in this essay:
West Vancouver,
Singaporeans Vancouver,
real estate,
,
BC Commercial,
John Gee,
real estate market,
estate market,
commercial real estate,
commercial real,
vacancy rate,
asian investors,
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