I am totally with Cajx.What i have heard is that there is Asian...

I am totally with Cajx.

What i have heard is that there is Asian investors looking, mostly in the states and primarily at residential property. They have a love affair with buying strings of apartments. It was quite big on and around Sydney harbour (particularly near the casino). It has left allot of problems for other unit owners in thos buildings as quite allot of the OS investors have not been paying the body corp fees and there wasnt much any one could do..

At the moment Chinese investors are not looking at commercial real estate as far as I know.

I think you will only see a real turn around in the RE market once credit frees up further. I beleive that you are starting to see movement in the REIT market because people are beginning to think that credit conditions are improving slightly.

I was saying a month or so ago to colleauges in the office that I think the UK commercial real estate market has broadly bottomed. My basis was that we had seen just prior to christmas, the complete cessation of any deals and we are now seeing some deals beginning to happen. All be it that these deals are own very large yields and are generally quite quality property.

Not sure if I have made a point, except that I dont think the Chinese will prove to be our saviour.