EMEA property volumes climb in Q1 2013

Commercial real estate investment volumes in Europe, Middle East & Africa (EMEA) came to about $33 bn (€25 bn) in the first quarter of 2013.

This represents a 6-7% increase on the $31 bn recorded for Q1 2012, according to Jones Lang LaSalle's Global Capital Flows report.

Europe's three biggest markets, the UK, France and Germany, all contributed to the increase in transactional volumes, with Germany recording investment volumes almost 40% higher than a year ago. This helped drive the regional performance up 8% in dollar and 6% in euro terms.

JLL reported preliminary global real estate investment volumes in the first quarter of 2013 reached $94 bn, 8% higher than 12 months earlier.

For the full year, JLL is forecasting global volumes of $450-500 bn. JLL's research is based on data from 60 countries.