The Brazilian economy continues to enjoy growth in spite of global economic headwinds. However, the downside risks are growing and

Since our last update, reports on Malaysia’s real estate sector remain stable, suggesting the country is performing well compared

BMI’s Qatar real estate report examines growth opportunities and risks in this fast-growing Gulf market. Our 2012 forecasts see a

The Saudi Arabia Real Estate report examines the Commercial Office, Retail and Industrial segments throughout the Kingdom in the c

The South Korean real estate sector is back under the spotlight, and is likely to remain so for some time to come. The nation’s su

The outlook for Kuwait’s real estate sector remains positive. The market is recovering, backed by increased government spending an

The Egypt Real Estate report examines the Commercial Office, Retail and Industrial segments in the context of a market, which in s

The Singapore Real Estate report examines the Commercial Office, Retail and Industrial segments in the context of an increasingly

In late 2011, BMI conducted its latest round of interviews with in-country sources on India’s commercial real estate sector. The o

The UAE Real Estate report examines the Commercial Office, Retail and Industrial segments in the context of an increasingly positi

BMI View: The outlook for Peru’s property market is positive, underpinned by strong economic growth and rising domestic consumptio

There are a variety of factors weighing heavily on the UK’s real estate market. The commercial sector is under pressure as a resul

Construction contributes around 5% of Argentina's GDP, a percentage that is set to increase only marginally in future. But the con

The Greek government has overcome a number of key obstacles in recent weeks that have averted a potentially disastrous and disorde

After sharp falls in property values following the global financial crisis, Ukraine’s property sector began to recover in 2010. Th

The high level of exposure to the ongoing eurozone debt crisis suggests a more challenging economic outlook for Germany. However,

Despite the bleak horizon outlined in our Q112 report, the US commercial real estate market is exhibiting signs of a recovery, alb

France’s business environment remains among the best in the world. This is underpinned by a welleducated and highly skilled workfo

Since Q108, we have described numerically the banking business environment for each of the countries surveyed by BMI. We do this t

Hungary’s real estate market, like so many others, was seriously damaged by the global financial crisis. An uptick in demand for o

There are signs of healthy recovery in the Czech Republic’s real estate market after our 2011 full year data collection, mainly be

Chile’s real estate market is continuing its buoyancy from 2010 and 2011. Despite new supply, absorption rates are generally holdi

Bosnia & Herzegovina (BiH) officially came out of its recession towards the end of 2010. The impetus came largely from strong grow

Venezuela’s real estate sector is like none other in Latin America. In essence, the government – and, thanks to a variety of popul

Slovakia has undergone a slow process of recovery and the country’s heavy dependence on external factors for its economic growth p

After two years of tough austerity, we are expecting a loosening of fiscal policy in 2012. In addition a / recent improvement in t

In our most recent round of in-country interviews, conducted in December 2011, commercial rental / growth in Mexico had been fairl

The commercial real estate market in Bahrain continues to suffer the fallout from the global financial / crisis and unrest that sw

Real GDP flash estimates released by statistics agencies across Central and South Eastern European / countries largely confirm our

The centre-left coalition government formed on December 4 is faced with a rough year and tough / decisions. Exposure to the eurozo

According to our most recent round of in-country interviews, which were conducted in December 2011, / rents in Hong Kong could see

Indonesia has a surging economy, growing urbanisation, relative political stability and strong savings and / income growth. Consum

Poland is one of few major economies in Europe to have escaped recession, although it is vulnerable to / any downturn in the neigh

Turkey’s real estate market is in a highly advantageous position. While the long-term domestic demand / credentials of the BRIC (B

Beset by high interest rates, rising inflation, oversupply and government efforts to curb lending, / Vietnam’s property market is

Taiwan is particularly susceptible to a global economic slowdown through external demand dynamics. / Our outlook on Taiwan’s main

Although Japan’s commercial real estate market was surprisingly resilient in the wake of the earthquake / and tsunami in March, ou

BMI is optimistic about the prospects for Israel's commercial real estate sector over the next five years: / / • In general, dema

As anticipated, South Africa's construction industry is experiencing a protracted lull, following years of / double-digit growth.

Despite having a vast and rapidly expanding population, as well as noticeably improving infrastructure, / demand for commercial re

Continued efforts to cool the residential sector will affect all real estate activity in coming months, with / stalled prices now

The Australian commercial real estate market continues to be fairly balanced because, structurally, the industry functions in a wa

The effect of the floods that wracked Thailand at the end of 2012 will be long-lasting and are likely to continue to have an effec

The Philippines real estate sector is generally considered to have outperformed in 2011. Almost 300,000 square metres (m2) of Grad

BMI is below consensus in its forecast that sees the UAE’s real GDP expanding 3.3% in 2011 and averaging 4.1% through to 2016. Nev

In late 2011, BMI conducted its latest round of interviews with in-country sources on India’s commercial real estate sector. The o

The most prevalent development in Argentina’s overall real estate market in recent months has been the restriction that the govern

The outlook for Peru’s property market is positive, underpinned by strong economic growth and rising domestic consumption combined

The commercial real estate market in Bahrain continues to suffer the fallout from the global financial / crisis and unrest that s

The measures introduced by the Chinese government to cool the bubble in the residential property market / continue to dominate th

France's business environment remains among the best in the world. This is underpinned by a welleducated and highly skilled workfo

The outlook for European and global growth became markedly grim in H211, primarily due to the / escalating eurozone debt crisis.

Vacancy rates remain at about 10% or lower across the three cities that we cover in depth – Athens, / Thessaloniki and Piraeus –

The latest edition of our proprietary food and drink business environment ratings is based on new / methodology, which aims highl

In the first nine months of 2011, Romanian exports surged to new highs, as demand from Asia and / Europe (especially Germany) ros

The Russian government suffered an embarrassing election outcome on December 4, when the ruling / United Russia party lost its ov

Slovakia has undergone a slow process of recovery and the country’s heavy dependence on external / factors for its economic growt

After sharp falls in property values following the global financial crisis, Ukraine’s property sector began / to recover in 2010.

There are a variety of factors weighing heavily on the UK’s real estate market. The commercial sector is / under pressure as a re

The US saw key developments in Q3 with its downgrade by S&P for US debt and the lifting of the / debt ceiling by the US governmen

Venezuela’s real estate sector is like none other in Latin America. In essence, the government – and, / thanks to a variety of po

Bosnia & Herzegovina has a positive period ahead as it rebounds from the recession from which it emerged at the end of 2010. It ha

The Q112 BMI Bulgaria Retail Report forecasts that the country’s total retail sales will grow from an estimated BGN14.54bn (US$10

While we remain tentatively upbeat with regard moderate growth in Croatia’s commercial real estate sector, exposure to the eurozo

There are signs of healthy recovery in the Czech Republic’s real estate market in 2011, mainly because of a big increase in invest

Prices and demand in Hong Kong’s real estate sector have peaked, particularly in the residential and office sub-sectors. Analysts

Hungary’s real estate market, like so many others, was seriously damaged by the global financial crisis. Economic growth is now re

BMI is optimistic about the prospects for Israel's commercial real estate sector over the next five years: / • In general, deman

From our Q311 update, in which the outlook for Japan’s real estate market was bleak immediately following the earthquake and tsuna

Mexico’s proximity to the US and its strong export relationship with the country have placed it under threat from the ongoing debt

Indonesia has a surging economy, growing urbanisation, relative political stability and strong savings and income growth. Consumer

As the Qatari economy looks to diversify away from its reliance on the hydrocarbons sector, real estate could be well placed to be

As anticipated, South Africa's construction industry is experiencing a protracted lull following years of double-digit growth. Wit

Turkey’s real estate market is in a highly advantageous position. The sector’s fundamentals are sound owing to a high-performing e

The measures introduced by the Chinese government to cool the bubble in the residential property market continue to dominate the o

India’s real estate sector is plagued by fears over its major developers’ debt levels, rising raw material costs and renewed econo

There seems to be a subdued optimism in Malaysia’s real estate sector at present, reflecting BMI’s forecast moderation in GDP grow

National Australia Bank’s commercial property survey for Q3 2011 described the short- term outlook for retail property as subdued

Following 2011’s political crisis, our forecasts see trend growth in Egypt settling over the coming five years, as the political t

Despite having a vast and rapidly expanding population and noticeably improving infrastructure, demand for commercial real estate

Beset by high interest rates, rising inflation, oversupply, and government efforts to curb lending, Vietnam’s property market is s

The US has seen key developments in Q3 with its downgrade by S&P for US debt and the lifting of the debt ceiling by the US governm

Increasing tourism, strengthening investor confidence and the tentative shoots of lending in progress show that the UAE is getting

Hong Kong remains a city with strong economic growth and the government there has, like in mainland China, decided to intervene in

The outlook for European growth and, indeed, global growth has taken a downward turn during mid- 2011, primarily driven by weakeni

France's business environment remains among the best in the world. This is underpinned by a welleducated and highly skilled workfo

There are signs of healthy recovery in the Czech Republic’s real estate market in 2011, mainly because of a big increase in invest

China’s commercial real estate sector remains robust and buoyant, aided by the receipt of investment funds from the increasingly r

Chile’s real estate market has continued its buoyancy from 2010. Despite new supply, absorption rates are generally holding up acr

Thailand has faced political instability since the military coup of 2006, creating concerns that changes in leadership could disru

The different areas of the property market in Saudi Arabia are developing in quite different directions and at very different rate

The Malaysian economy is forecast to slow from the strong growth in 2010 of 7.2% to a more moderate 4.9% in 2011 and 4.2% in 2012.

Despite having a vast and rapidly expanding population and noticeably improving infrastructure, demand for commercial real estate

Singapore’s real estate market has been booming since 2010, after recovering from the global downturn’s effects in 2007-2009. Soli

An epic real estate boom continues its course in Brazil. In June 2011, our in-country sources reported that rents have been growin

The signals coming from India’s real estate and construction markets are at best mixed and at worst contradictory. The nub of the

Bosnia & Herzegovina has a positive period ahead as it rebounds from the recession from which it emerged at the end of 2010. It ha

The real estate sector in Egypt is ignoring the unrest and political wrangling under way – except where the sector itself is under

The South African property market was less impacted by the global financial crisis relative to most regions around the globe. The

Taiwan is interdependent on China and the state of the market on the mainland has a major bearing on activity in Taiwan’s real est

Vietnam’s commercial property market has suffered from an oversupply in all subsectors due to overconstruction. It is now also und

The Philippine economy is likely to cool in 2011 and 2012, following a stellar 2010 where full-year real GDP growth was 7.3% year-

South Korea’s economy is recovering well with 2010’s full-year real GDP growth figure coming in at 6.1%. However, seasonally-adjus

The last few years and assisted by economic stimulus implemented by the government. Real GDP growth was 9.2% in 2010 and is foreca

The latest information we have on the real estate sector in Australia has been commentary associated with the results for the majo

Bahrain is suffering from the early 2011 bout of civil unrest and this is diminishing the effects of the state’s strength through

Indonesia is one of the few countries to have been little affected by the rest of the world’s economic woes – slowing slightly in

BMI is optimistic about the prospects for Israel's commercial real estate sector over the next five years. In general, demand is g

Qatar’s construction industry has much to look forward to with an ambitious spending plan from the government that includes a new

The Russian economy is growing once again, largely but not exclusively on the back of its oil and gas sector, which is now operati

Ukraine’s real estate sector appears to have turned a corner following sharp falls in property values. Change has been driven by a

The outlook for the UK commercial property sector is definitely more positive for 2011 with most commentators indicating improving

Slovakia has had a slow process of recovery but we expect a rebound in both household consumption and gross fixed capital formatio

Our latest interviews with in-country sources in Ankara and Istanbul confirm that conditions within Turkey’s commercial real estat

The Greek economy remains in a precarious state. The impact of fiscal consolidation and internal devaluation are clear to see, wit

The outlook for Kuwait’s property sector remains reasonable with the strength of the economy underpinning the sector. Kuwaiti fina

Pakistan’s commercial real estate sector is going through its third consecutive tough year as demand for space continues to fall.

Peru has one of the most favourable prospects for real estate in the world, according to the Global Commercial Property Survey by

The continuing good health of the commercial property sector is driven by the sustained growth of the Polish economy, which in tur

Growth is now on the way for Romania’s real estate sector after a buffeting from the economic downturn. Romania has finally exited

Key Opportunities/Drivers / ?? The UAE benefits from its strategic importance in the GCC region, and of the strategic importance

BMI retains its view that the Czech Republic real estate sector remains among the best positioned in Central and Eastern Europe to

Numerous reports in Q211 attested to the health of France’s real estate sector. Foreign and domestic demand for real estate opport

Recent developments confirm that the generally benign environment foreseen by BMI’s in-country sources in late December 2010 remai

The earthquake and subsequent tsunami that ravaged Japan’s seaboard in March wreaked havoc on the real estate sector. New research

Chile's real estate market has been growing rapidly, especially from 2010, spurred on by the strong economy and optimistic growth

There is increasing activity and optimism in China’s commercial real estate sector. The market is generally headed for a period of

Hong Kong’s economy continued to improve solidly in 2010. GDP growth was 6.8% in real terms, supported primarily by the strong rec

Saudi Arabia is witnessing continued economic growth and is enjoying the benefits of the steady improvement in its business enviro

Virtually all key drivers of long-term growth in Singapore’s commercial real estate sector remain intact. A relatively small group

Since the military coup in 2006, the political situation in Thailand has been uncertain. There are worries that changes in leaders

Key Opportunities/Drivers / ?? After years of lacklustre performance, the US commercial property market sector is showing signs o

Following an awful few years, 2011 promises some good news for Hungary, both economically and politically. Government measures to

The Malaysian economy registered stronger-than-expected growth of 7.2% in 2010. The real estate market expanded along with the eco

Mexico is well into its second year of positive economic news and this, along with a gradually improving business environment, thi

The government's distortive economic policies, nationalisations and a major currency devaluation, as well as double-digit inflatio

Bulgaria’s real estate sector has experienced a startling downward trend in recent years as the value of property has plummeted le

Croatia’s commercial real estate sector has stabilised, but the outlook remains very flat at this stage, and as such lags most pro

Egypt’s commercial real estate sector has benefited from economic growth and increasing demand for all types of property. The rece

Key Opportunities And Drivers / India is among the world’s fastest-growing economies, in large part because of huge growth in its

Bosnia’s real estate sector has suffered from a lack of integration in recent years compared with regional peers in Central and Ea

Brazil is currently experiencing a second successive year of economic growth. This continuing growth and a steadily improving busi

Our latest interviews with in-country sources in Seoul, Daegu and Busan confirm that conditions within South Korea’s commercial re

Our latest interviews with in-country sources in Taipei confirm that conditions within Taiwan’s commercial real estate sector have

Vietnam is enjoying reasonably favourable economic conditions. However, this is not translating into returns for Vietnam’s commerc

Key Insights On The Real Estate Sector Of Qatar Activity in Qatar's real estate sector is in the early throes of a recovery after

The South African commercial property market has outperformed all other markets in local currency terms for the past seven out of

Our latest interviews with in-country sources in Manama, Muharraq and Riffa confirm that conditions in Bahrain’s commercial real e

Our latest interviews with in-country sources in Brisbane, Melbourne, Perth and Sydney confirm that conditions in Australia’s comm

The commercial real estate market in Germany has remained broadly stable despite the volatility experienced in the broader economy

There is considerable optimism in the Indonesian commercial property market. Rents were hardly touched by the global financial cri

Israel’s residential property market has attracted attention due to overheating. In November 2010 the IMF warned that house prices

Confidence is returning to the Philippines property sector in 2011, as foreign investment and improved infrastructure start to und

For most protagonists in Russia’s commercial real estate sector, 2010 was the year in which rents stopped falling. Our interviews

Our latest interviews with in-country sources in Ankara and Istanbul confirm that conditions within Turkey’s commercial real estat

All three series of interviews with in-country sources in Ukraine over the course of 2010 have confirmed that conditions in the co

For the UK’s commercial real estate sector 2011 is likely to be, in general, a similar year to 2010. Rental rates and yields have

In spite of the massive crisis that evolved in late 2009 and early 2010, when investors lost confidence in the Greek government’s

Our latest interviews with our in-country sources, which were conducted in late 2010, indicate that rents for most of the two year

Saudi Arabia is spending massively – US$155bn in 2011 alone – on projects to diversify its economy away from reliance on hydrocarb

Poland stands out compared to other countries in the Central and Eastern Europe region for its low vacancy rates and superior grow

Mexico is a major emerging economy. It recovered well from the global economic downturn, and will remain strong in 2011 as tax cut

The Chinese economy faces the prospect of a property market slump and a sharp slowdown in total investment spending in 2011. Inves

Japan’s economy is beset by substantial and well-known structural problems. The government is under pressure to reign in its signi

Singapore’s economy continues to recover strongly driven by a resurgent manufacturing sector, a sharp pick-up in export demand and

Argentina’s commercial real estate sector is generally stable. However, the long-term economic strife and limitations of the count

The recent political instability has been, and is likely to remain, bad news for Thailand’s economy. BMI is expecting GDP to post

Protagonists in the Czech Republic's commercial real estate sector can be grateful that the 2008-2009 period was not even worse. R

The general trends in Chile’s commercial real estate sector have been favourable, benefiting from an increase in demand relative t

The Hong Kong Special Administrate Region (SAR) remains ideally placed to benefit from the growth in trade between mainland China

Our interviews with in-country sources at the end of 2010 confirmed that the year had generally been a good one for developers and

While still subdued, Kuwait’s commercial property market has been showing signs of improvement. Official figures from Kuwait’s Dep

In theory, the outlook for commercial real estate in Malaysia should be positive. Although BMI is looking for economic growth to s

The situation facing Pakistan’s commercial real estate sector is, to put it at its most charitable, challenging. Outside of the go

Peru’s booming economy grew by 10.0% year-on-year (y-o-y) in November, up from 8.6% y-o-y in October – way above market expectatio

Romania’s real estate sector faces a grim future with falling rental rates impinging on yields. In-country sources do not foresee

For some time, the general trends in the UAE’s commercial real estate sector have been unfavourable. The economy was largely affec

Although smaller in absolute terms and perhaps less well integrated into the global economy than other countries in Central and Ea

Of all the countries whose commercial real estate sectors are profiled by BMI, there are few where the fundamental conditions have

In recent years, the general trends in Bulgaria’s commercial real estate sector have not been favourable. The economy was particul

The best that can be said for the overall position of Croatia’s commercial real estate market is that it has now stabilised. / Th

For some time, the general trends in Egypt’s commercial real estate sector have been favourable. The economy was largely unaffecte

Economically, Hungary appears to have turned the corner. After 40 consecutive months of declining retail sales, the figure finally

We have revised our real GDP growth forecasts for Venezuela, now projecting 1.9% in 2011 and 2.3% in 2012 (from 3.2% and 2.8% resp

Key Insights On The Real Estate Sector Of South KoreaSouth Korea is an unusual country in that protagonists in the commercial real

The fortunes of Taiwan’s commercial real estate sector remain leveraged to those of the IT sector and tothe economy of mainland Ch

After the global financial crisis, and with GDP shrinking by 15% in 2009, participants in Ukraine’s commercial real estate sector

Vietnam’s commercial real estate market has been overshadowed by a property glut. Rental rates fell bydouble-digit rates through 2

Key Insights On The Real Estate Sector Of Malaysia / For protagonists in Malaysia’s commercial real estate sector, the global fin

Key Insights On The Real Estate Sector Of Pakistan / The last year or so has been very challenging for the protagonists in Pakist

The global financial crisis appears to have had a greater impact on Saudi Arabia’s commercial real estate sector – and the Riyadh

The recent political instability has been and is likely to remain, bad news for Thailand’s economy. BMI is looking for GDP to star

Singapore’s economy is recovering strongly from the global downturn, driven largely by a resurgent manufacturing sector, a sharp p

The UAE is unusual among small, open economies as the considerable woes of its commercial real estate sector have little to do wit

Although smaller in absolute terms and perhaps less well integrated into the global economy than other countries in Central and Ea

Of all the countries whose real estate sectors are surveyed by BMI, Brazil stands out as one where the general outlook is particul

Key Insights on the Real Estate Sector of South Korea / South Korea is a rare country in that the problems associated with the gl

Key Insights On The Real Estate Sector In South Africa / The global financial crisis had less of an impact in South Africa than o

The Balkan states may start to see some signs of economic recovery in 2010, but Bosnia may well / struggle to join in, at least in

Bulgaria’s economic performance has lagged that of much of the rest of the world and of the other / Central Eastern Europe (CEE) s

It appears that commercial property rents fell by 10-15% in each of the three main sub-sectors in Zagreb, and by rather more in Sp

Unsurprisingly, the past fortunes of the various cities and sub-sectors for which we have data, reflect the exposure, in each case

Stagnation is probably the single adjective that best captures the position and prospects of Venezuela’s commercial real estate se

Over much of the last decade, Brazil’s economy has been operating in a virtuous circle that has involved lower risk premia, lower

Chile’s commercial Real Estate sector will continue to benefit from the lack of supply relative to demand and from the very favou

The Czech Republic looks likely to achieve 1.8% real GDP growth in 2010. The weak outlook for Western European demand keeps this

The German economy is recovering slowly from the global downturn, but is still in recession. It contracted by 5.0% in 2009, due l

Heavy government investment in infrastructure is expected to drive improvement in certain areas within the commercial real estate

The global economic recession impacted Japan severely and especially affected the real estate industry. A weak economic recovery

Polish consumer confidence has improved following the record lows seen in March 2009. The consumer confidence and willingness to

‘Green shoots’ of recovery can be seen in the Russian economy and real GDP growth is expected throughout H110. Increased macroeco

In most countries events in the real estate sector are driven largely by private-sector actors and reflect general trends in natio

The outlook for the Hong Kong real estate market is robust moving into the latter half of 2010. Local sources report strong uptake

The recent political instability has been and is likely to remain, bad news for Thailand’s economy. BMI is looking for GDP to star

Key Insights On France’s Real Estate Sector / Economic growth in 2010 could exceed the French government’s official 1.4% forecast

Hungary’s Real Estate sector suffered from the economic downturn, and is unlikely to benefit substantially from the mild recovery

The global financial crisis had more of an impact on Saudi Arabia’s commercial Real Estate sector than on the economy as a whole d

The UAE is unusual among small, open economies as the considerable woes of its commercial Real Estate sector have little to do wit

For at least a decade prior to 2008, the growth of the United States economy has been driven by consumption spending which, in tur

The political instability at the end of 2009 has resolved, with a marginal win by President Traian Basescu declared in December. D

While Central and Eastern Europe still holds risks resulting from the build up of years of heavy foreign lending to the region, Sl

South Africa was plunged into recession by the global financial crisis, which in turn, affected the property market. Despite the e

South Korea is in a good position – the fourth largest economy in Asia with an educated workforce. Political alignment with the US

Taiwan is now in recovery mode and we forecast 2010 real GDP growth forecast of 4.6% y-o-y. Seasonally adjusted real GDP growth wa

Turkey went from a recessionary economic situation in the first half of 2009 to recovery through the second half. The sharp improv

This is the latest edition of a new series of industry reports published by BMI which seeks to identify the key dynamics of the re

The Australian economy has defied global trends by avoiding a deep recession, recovering in late-2009, and showing good vital sign

BMI remains bullish on Indonesia’s growth prospects over the coming year, projecting real GDP growth to reach 5.2% in 2010, before

Greece is in a severe economic crisis that threatens the eurozone and places the euro at risk. It has implications for the rest of

A reduction in private consumption, a debilitating drought and a global economy still in recovery are combined mean Argentina’s ec

Bahrain’s economy has fared well during the recession, registering only a mild contraction over 2009. We predict that it will reco

Israel’s economy presents a very mixed picture, with strong headlines masking several underlying weaknesses. In terms of the big p

The Philippines is emerging from the global financial crisis relatively unscathed, while many of its neighbours have experienced d

Qatar’s economy has survived the global economic downturn relatively well and we believe that it will be one of the fastest growin

Vietnam is expected to face a sharp tightening of fiscal and monetary policy in 2010 as the country’s balance of payments yet agai

Japan’s economy is mired in debt and the situation is deteriorating at an increasing rate. We expect a JPY52.8trn (11.1% of GDP) n

Steady economic growth throughout 2009 has left Poland with minimal fall-out from the global economic problems. As a result, we be

The Russian recession reached its bottom in mid-2009 and the economy started to show signs of recovery. We expect that to remain w

There is still little to be seen in the way of economic recovery in Ukraine, and consequently we have slightly revised down our 20

The UK economy has come out of a recession, but there has been no spectacular recovery. We see an ongoing risk of a dip back into

Kuwait’s economy is showing signs of recovery at the beginning of 2010 and the state should be able to ramp up oil production and

China continues to be vulnerable to public unrest in 2010. Although the economy staged an impressive recovery in H209, fiscal and

Despite a dramatic contraction in exports and continuing political uncertainty which threatens to flare into open conflict and vio

The Czech Republic’s economy continued to contract during the second half of 2009, shrinking 4.1% year-on-year (y-o-y). The Q309 f

France is on the road to recovery, and we forecast real GDP growth of 1.5% in 2010. However, the effects of the global financial c

Chile maintained stability through 2009, despite being technically in recession for the full year. The country has sound fundament

In light of the evident bounce in the US economy in H209, we have upgraded our real GDP forecasts for the near term. For 2009, we

Of all the countries whose real estate sectors are reviewed by BMI, few are experiencing economic conditions quite as promising fo

Although smaller in absolute terms and, perhaps, less well integrated into the global economy than other countries in Central and

Rents appear to have fallen by about one-third in all three sub-sectors and in all three of the cities for which we have gathered

Key Insights On Egypt’s Real Estate Sector / A gradual improvement in the business environment of Egypt and a broadly positive ou

Strength in Q209 results show that Brazil is emerging from a brief recession caused by the international financial crisis. As one

Hungarian GDP is set to expand by only 0.1% in 2010 (following an estimated drop of 6.4% in 2009) and paints the country as the we

Egypt’s real estate sector is unique. Favourable demographics, combined with decades of under-supply of all kinds of development h

At first glance, Turkey’s commercial real estate market looks similar to many others across Central and Eastern Europe. The global

Over much of the last decade, Brazil’s economy has been operating in a virtuous circle that has involved lower risk premia, lower