Over the last two years Asia Pacific has experienced some favourable office rental growth. In particular, Australian centres such as Melbourne, Adelaide and Sydney have outperformed the market. Shanghai has also experienced strong office rental growth over the past few years, which is set to continue into 2003 property valuation process Knight Frank Asia Pacific projections for 2003 are again divided into two categories: overall office market-strength performers and top projected office rental growth markets. The same twenty indicators have been used throughout.
2003 is expected to be a year of change for many Asia Pacific nations, as some emerge from a recession for the first time in years and others struggle to come to grips with political instability. India and China remain nations with significant potential due to their size, internal economy and export ability.
International property investment in Africa is still limited and most countries rely on domestic and inter-African investment. This trend will continue for the next few years as monetary, fiscal and political policy is re-evaluated in a number of African nations.