Credit crunch is hitting Asia real estate(2)

A survey suggests that financial chaos from the US is affecting real estate investment in Asia, though investors are still keen to access the region for the growth and diversification it offers.

The credit crunch is impacting on the Asia real estate market because of more limited availability of debt and the potential re-pricing of assets, according to a survey.

However, the Asia investment intentions survey carried out by the European Association for Investors in Non-listed Real Estate Vehicles (INREV) and the Asian Real Estate Association also said the effects of the credit crunch were expected to be less than in Europe and the US.