Worldview International

Worldview: South Korea

Worldview - South Korea


South Korea distinguished itself among Asia-Pacific countries as the only market to see deal volume increase compared to year-over-year numbers, according to data from Real Capital Analytics. “With Australia, China, Hong Kong, Japan, and Singapore all registering significant double-digit declines in transaction activity, it is slightly unusual to see such a different performance for one market,” says David Green-Morgan, RCA’s managing director of Asia Pacific.

South Korea has not fully locked down its economy during the COVID-19 pandemic, which may account for these positive deal volume numbers. “For much of the first quarter, South Korea was tracking ahead of 1Q2019’s investment tally, even when the number of COVID-19 cases dramatically increased at the beginning of March,” Green-Morgan notes.

Domestic buyers have been the predominant drivers of deal activity in 1Q2020. However, U.S. investors increased their interest in the market in 1Q2020 from the previous quarter — from $641.3 million to $1.4 billion — with U.S. private equity giants KKR and Blackstone reporting investments. With 2Q2020 reporting a slowdown, the rest of the year may have a different story to tell as the full impact of the pandemic is felt. As for property types, “South Korean institutional investors, especially pension and insurance companies, remained focused on Seoul office properties as many of them had done in 2019,” Green-Morgan adds.


Worldview: Germany

Spring 2020

Germany remains the commercial real estate market powerhouse in Europe with its strongest quarter for any European country ever at the end of 2019.

Read More

Worldview: Japan

Winter 2020

While the Japanese economy continues its modest growth, with a 0.4 percent bump in gross domestic product for 3Q2019, the real estate market took a step back in the latter half of last year. Tokyo proved to be a bright spot for Japan.

Read More

International Beat


Ireland's $213M big deal | Hong Kong tops for office rents | Industrial booming north of the border | Global markets to watch

Read More

Tariffs and Trade Could Stall Economy


Combined, the tariffs on China and potential penalties on Mexico are tough to shake off. Additionally, the timing is terrible because it complicates the crucial ratification of the USMCA. The damage from tariffs and trade wars won’t show up in the data for months.

Read More