New York has been named the world’s biggest property market for a fourth consecutive year, with €44bn of activity in the 12 months to Q2 2014 ir growth of 10.9% compared the same period the year before, according to a Cushman & Wakefield report to be revealed at EXPO REAL on Tuesday.
New York has been named the world’s biggest property market for a fourth consecutive year, with €44bn of activity in the 12 months to Q2 2014 ir growth of 10.9% compared the same period the year before, according to a Cushman & Wakefield report to be revealed at EXPO REAL on Tuesday.
London remains in second place, but a 40% rise in activity has seen it close the gap on New York. The UK capital is also the largest market for cross-border investment.
Tokyo has reclaimed third spot from Los Angeles, with a 30% investment increase.
Overall, global investment reached €628 billion in the 12 months to Q2 2014, a 17.2% increase on the previous year.
Cushman & Wakefield will be presenting the findings at Expo Real today.
For the full report, click here.
