Tokyo has reclaimed the third spot from LA on C&W's top cities for investment list published on Tuesday at EXPO REAL, says Jan-Willem Bastijn, CEO of EMEA capital markets at C&W.
Tokyo has reclaimed the third spot from LA on C&W's top cities for investment list published on Tuesday at EXPO REAL, says Jan-Willem Bastijn, CEO of EMEA capital markets at C&W.
New York took the top spot, followed by London, according to C&W's report 'Winning in Growth Cities'. 'While New York is the clear number one, London remains in second place, with investment up by 40% in the last year, followed by Tokyo with a 30% increase,' he says.
Although no Dutch or Central European city made it into the Top 20, Bastijin says that there is 'a lot of activity' in both markets, coupled with 'an increased appetite for risk'.
'Money is not just cross-border. Investors are going into second-tier cities, too,' Bastijn adds. However, the dominance of the Top 25 cities - including Paris, Berlin, Stockholm and San Francisco - is evident, according to the report, as combined they hold a 52.3% market share, compared to a 14.3% share for the next largest 50 markets.
The global property investment market went from strength to strength in the year to June 2014, with investment volumes up 17.2% at $788 bn, according to the report.
