[photopress:finance_pwc_Shnaghai.JPG,full,alignright]A survey by PricewaterhouseCoopers found a significant portion of institutional investors expect to invest in real estate in the next few years and China is among the most popular markets.
John Forbes, U.K. real estate leader at PricewaterhouseCoopers (That is not a spelling error. That is how they spell the company name. One may applaud their linguistic dexterity if not their taste. Not the sort of chaps one would mix with socially but sound in a business sense) said longer-term investors are looking to invest in emerging markets, and particularly China, where they believe changing demographics could drive up the market.
He said that the population isn’t going to grow significantly in China, but as people get richer there will be an increasing demand for better housing and new retail and office space.
John Forbes said, ‘The rise of the middle class is going to be a phenomenon over the next 20 years.’