Europe, the Middle East and Africa (EMEA) was the worst performing region globally for real estate investment value in the first quarter of 2012, according to the latest CBRE Capital Value Index. EMEA recorded 0.7% growth in capital values compared to 7.6% in the first quarter of 2011.
Europe, the Middle East and Africa (EMEA) was the worst performing region globally for real estate investment value in the first quarter of 2012, according to the latest CBRE Capital Value Index. EMEA recorded 0.7% growth in capital values compared to 7.6% in the first quarter of 2011.
The Americas were the strongest performer, registering 9.6% growth. This marks a shift from 2011, when Asia Pacific set the pace for global real estate investment performance with 19% growth. Capital value growth in Asia Pacific dropped back to 8% in Q1 this year.
Michael Haddock, senior director of EMEA Research, said: 'The slight growth seen in EMEA real estate values must be considered as a positive outcome in the context of the wider issues of the region. While this masks pockets of underperformance, major, more liquid markets are holding, and in some cases marginally increasing, value. Uncertainty surrounding the outcome of Greek and other political and economic changes will dominate sentiment and value movements in Q2 and Q3.'
