Global real estate investment for Q1-3 2014 is up 23% on the same period last year, at €369 bn, and set to reach levels not seen since 2006, according to a new report released at Expo Real.
Global real estate investment for Q1-3 2014 is up 23% on the same period last year, at €369 bn, and set to reach levels not seen since 2006, according to a new report released at Expo Real.
‘Global commercial property markets continue to see increased investor activity with both prime and secondary opportunities attracting substantial competition,’ said Arthur de Haast of JLL, which compiled the report.
‘The sheer amount of equity still on the sidelines awaiting deployment means total volumes this year are on track to reach US$700 bn [€550bn], an amount we last saw back in 2006,’ he added.
Europe’s year-to-date volumes were €135 bn, 22% higher than for the same period last year. Strong performance in France, Germany and the UK is being supported by Central & Eastern Europe (up 35%), Benelux (up 56%), the Nordics (up 20%) and Southern Europe (up 72%), JLL revealed.