2023 outlook: Asia Pacific’s real estate markets

Global inflation has reached its highest levels in more than 20 years and most central banks in the Asia-Pacific region are in the process of tightening monetary policies to stave off inflation which will inevitably slow growth in the coming year. But what will this mean for real estate in the region? “Even as the market slows, opportunities will remain in commercial real estate. Rising interest rates have put upward pressure on cap rates and corresponding downward pressure on v…