Price and availability continue to reflect the local impact of more open borders and the influx of more expatriates to Asia. Countries have modified entry regulations, removing barriers and shorten quarantine requirements. Those locations with more recent relaxations are just beginning to see availability decrease. Price increases follow.
The changes from last quarter reflect a growing list of countries experiencing moderate to severe supply issues. Many countries that more recently relaxed border barriers have now begun feeling the impact. Markets left with a post-pandemic glut of inventory for housing, have either seen a stabilization of the real estate market. The large influx of new expatriates into some locations previously considered “stable” in Q2, are experiencing shortages today, with corresponding increasing rental rates and limited ability to negotiate contracts.
We revisited our Q2 study and in our Q3 report, share the latest updates to our data. Read or download a copy of the Report.