Cushman & Wakefield is forecasting $1.33 tln (€968 bn) of real estate investment globally in 2014.
Cushman & Wakefield is forecasting $1.33 tln (€968 bn) of real estate investment globally in 2014.
In its latest International Investment Atlas, published at MIPIM on Wednesday, C&W said that the global property investment market delivered $1.18 tln (€859 bn) of transactions in 2013, a 22.6% increase on 2012 and the highest total since 2007.
Global real estate investment turned a corner in 2013, with market activity and values picking up as recessions ended, business sentiment rallied and increased liquidity affected most markets. This strong performance also helped push prime yields back down to pre-crisis levels.
Looking forward to 2014, Cushman & Wakefield is forecasting a 13% increase in investment globally to $1.33 tln (€968 bn), with the US and Western Europe predicted to drive the uplift in activity.
David Hutchings, head of EMEA investment strategy, said: 'The real estate market ended 2013 on a high on the back of greater confidence and rising liquidity and that momentum is building further this year with signs of a firmer occupier market as well as greater investment demand and new sources of debt set to drive investment activity and property pricing higher.'
The full report is attached below.