The booming Chinese property industry has elevated Asia-Pacific to the world’s biggest real estate market for the first time.
Asia-Pacific has overtaken Europe for the first time, according to DTZ research. The Asia-Pacific market is worth £4.6tn (£2.7tn), up 9% year on year. Europe grew just 2% to $4.4tn. Allianz said half of the world’s tallest buildings were constructed in the past four years, 90% of which were in China, south-east Asia or the Middle East.
12/06/14 Financial Times 20
