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MelbourneINVESTOR confidence in the Asia-Pacific region rebounded in the third quarter with improving business sentiment and market fundamentals.

This, according to a report from Jones Lang LaSalle.

In the Jones Lang LaSalle Market Perspective for October, the real estate agency said sales volumes were up by 12 per cent on the quarter.

Sovereign wealth funds and pension funds remained major players and were increasingly adopting co-investment approaches. For the third quarter, there was $3.3 billion worth of direct real estate investment in Australia.

Australia ranked fifth in the world for third-quarter investment, with the US leading the globe with more than $20bn worth of investment, followed by Britain, Japan, Germany and France.

The agency said overall investment sentiment was positive and growing stronger as market fundamentals improved.

Shortages of prime property for sale was constraining investment volumes and would eventually push investors towards secondary stock.

Corporates were showing greater confidence and no longer aggressively cutting costs.

Story by Bridget Carter www.theaustralian.com.au

Tags: economy, investment, marketing, news, property, real estate, research

View the original article here

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