REITs Now: Vastly Improved Returns Reflect Sector Changes and Opportunities, but More Work Remains
Although still well off their 2007 pre-crisis peak, great performance strides have been made by REITs globally as all asset classes and markets around the world work to re-emerge from the lingering specter of the global financial crisis. Some Asia Pacific REIT markets continued their struggle in first half 2010 to find equilibrium and fully recover as second quarter 2010 worries focused on sovereign debt concerns in Europe, the potential for a double-dip recession abroad and residential market policy initiatives in China and Hong Kong aimed at slowing the rate of price growth.