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Nicholas Spiro
Nicholas Spiro is a partner at Lauressa Advisory, a specialist London-based real estate and macroeconomic advisory firm. He is an expert on advanced and emerging economies and a regular commentator on financial and macro-political developments.
Nicholas Spiro is a partner at Lauressa Advisory, a specialist London-based real estate and macroeconomic advisory firm. He is an expert on advanced and emerging economies and a regular commentator on financial and macro-political developments.
Investors might look past the crisis as a long-term structural issue, but homebuyers, developers and lenders in China feel the pain every day.
While the currency peg is not indestructible, investors should not underestimate the extent to which it is part of the city’s raison d’être.
While each Asian economy has its nuances, recent South Korean trends offer prime insight for understanding the wider regional market.
The strong performance of the offshore market has led global investors to take a second look at Chinese equities.
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The decline in the city’s interbank offered rates should be good news for the real estate sector but its underlying problems remain acute.
If unconstitutional acts, unaffordable tax cuts and unreliable security pledges are chickening out, what does Trump standing firm look like?
Foreign investors’ interest has certainly lifted the economy, but the authorities must make sure locals are not priced out of the market.
Some of Asia’s excess savings invested abroad are bound to return home, but whether that trickle becomes a flood is open to question.
The market remains attractive despite the scapegoating of foreign students in the US, UK, Canada and Australia.
The increased vulnerability of US markets gives foreign holders of US Treasury bonds more leverage in trade negotiations with Washington.
While currency appreciation may provide relief for property investors, economies reliant on trade and tourism should proceed with caution.
The longer markets gloss over the damage wrought by Trump’s policies, the bigger the risk he will precipitate a full-blown financial crisis.
While Chinese commercial property faces risks from economic and geopolitical concerns, it is not in the same boat as the housing market.
The surge in the New Taiwan dollar has exposed how trade policy, capital flows, geopolitics and sovereign risk have become closely intertwined.
Student accommodation can help alleviate the city’s property market woes, but it’s far from a cure-all solution on its own.
A bear market for the US dollar is overdue but that doesn’t mean the dominant reserve currency should – or could – be replaced any time soon.
Although no property market is fully shielded from the trade shock, Asia’s real estate sector has strong and diverse sources of resilience.
The erosion of governance standards in the US shows advanced markets have more consequential political risks than many emerging economies.
Trump’s reckless policies have caused a surge in risk, but the US property market will continue to capitalise on its unique strengths.
Trump’s erratic policymaking is a risk typically associated with economically vulnerable autocracies in the developing world.
While China might be fertile ground for experienced investors, Japan and India have more of the stability and fundamentals markets demand.
Trump’s sudden reversal on some tariffs shows the stability of the global economy is at the mercy of one reckless, unreliable president.
Trump’s tariffs will inevitably dampen sentiment towards Asian real estate, but domestic demand will act as a shock absorber.
Much has to go right for Chinese stocks to continue to outperform, but there is great potential if investor sentiment continues to thaw.
Concern about democratic backsliding and poor liquidity are obscuring otherwise solid fundamentals in one of Asia’s largest markets.
The institutional and legal underpinnings of the US system on which investors have long relied are under sustained assault from the Trump administration.
With clear benefits for stakeholders, the region’s branded residences are poised to boost liquidity and set high transparency standards.
Just because the US is no longer the darling of markets does not mean the likes of Europe or China are safe bets.
While a shortage of investible assets and less attractive returns pose challenges, commercial property in Asia has come far in recent years.
