Europe is still the leading destination for global cross-border capital flows , but Asia is starting to gain traction, according to Simon Mallinson, managing director of Real Capital Analytics.

Europe is still the leading destination for global cross-border capital flows , but Asia is starting to gain traction, according to Simon Mallinson, managing director of Real Capital Analytics.

‘I think Europe will remain a key focus in the next 12 months but some investors looking at Europe may think it’s becoming a bit overpriced. It’s possible that Asia will benefit from that and become popular again.’

According to RCA data, Europe has drawn around €70 bn of global capital in the past 12 months, twice as much as the Americas and Asia. But although Asia is picking up a bit, only a small number of Asian countries are on the radar of international investors, Mallinson said. These include Hong Kong, Singapore, Japan and Australia.

Within those four, Australia is by far the easiest to put capital into while Japan is quite a difficult market to enter. Hong Kong and Singapore are both more accessible, but they are also perceived as being somewhat pricey.’