The 17th edition of the Emerging Trends in Real Estate® Asia Pacific, the regional real estate forecast jointly published by ULI and PwC, highlights a downtick in investor sentiment due to concerns over the rising cost of debt, higher inflation, and a looming global recession. A dip in regional transaction volumes is apparent, with the third-quarter deal count in the Asia Pacific falling 38 percent year-on-year to US$32.6 billion, recording the lowest third-quarter volumes for a decade in the region.