While the real estate markets in the Americas, Europe and Asia Pacific are mixed, markets in other places around the world have improved.
Property Wire reported that the America’s experienced a slowdown in 2011 due to debt crisis and investors becoming more wary. However, Cushman & Wakefield’s latest Global Economic Pulse report stated that 2012 offers new economic improvement for these areas with healthy leasing fundamentals in the commercial real estate market. Investment sales in the Americas were up 51 per cent in 2011 with a prediction of a 25 per cent increase in the near future.
The current decline in the American building industry is forcing the world renowned architect Frank Gehry to look for projects in Asia where the building costs and commissions can be two-thirds lower than in America. Frank Gehry designed the Guggenheim museum Balboa in Spain which was voted the most influential piece of architecture of [...]