Wow, it's out of my field as I have no experience investing in
REITs, but I am a property investor.
Well, if you are taking a long term view of the next decades,
properties in Asia Ex-Japan, South America and Africa are certainly
good buys. Especially with South America, Africa, Indonesia and
Malaysia which are still relatively underpriced as compared to
developed countries and China, Singapore, Taiwan, Japan, etc.
Long-term definitely with the growth in their respective
economies and boom in both employment and population.
But for the short-term, properties may experience a decline in
their prices, in line with the overall share market, with the added
pressure of people holding on to cash and no buying properties and
risk of bad debts turning into foreclosures and oversupply.
So maybe we should wait for prices to fall in the short-run, and
buy 2 years later?