Chinese Pullback Won't Dent Real Estate Prices, Brookfield Says
- Brookfield Property CEO says Europe, Middle East investing too
- Capital for property ‘comes from a lot of places’: Kingston
Brookfield Property Partners CEO and Brookfield Asset Management Senior Managing Partner Brian Kingston discusses real-estate prices with Bloomberg's Erik Schatzker. (Source: Bloomberg)
Commercial real estate prices, hovering at record highs in the U.S. following a six-year boom, are sustainable even as Chinese regulators tighten restrictions on overseas investment, according to Brookfield Property Partners LP.
There is enough capital pouring into real estate from multiple regions -- including Europe and the Middle East -- to counter any potential slowdown in Chinese investment, Brookfield Property Chief Executive Officer Brian Kingston said in a Bloomberg Television interview. While Asian buyers are often part of the equation, a global shift from low-yield fixed-income holdings to real estate will drive property values for the foreseeable future, he said.