'Unsettled skies' loom over global real estate markets, according to Jones Lang LaSalle's latest Global Market Perspective. In January, the adviser forecast a 'cool recovery' ahead.

'Unsettled skies' loom over global real estate markets, according to Jones Lang LaSalle's latest Global Market Perspective. In January, the adviser forecast a 'cool recovery' ahead.

While balmy skies have appeared, the threat of storms still looms, the property adviser says. The pressure gauge is still unsettled due to concerns over the European sovereign debt crisis and potential overheating in China, the report concludes.

'The atmosphere is charged for those in the property market equipped to look for opportunity. But check the local forecast before venturing out,' JLL cautions.

The report sees hot spots in parts of the Asia-Pacific region where office markets have registered a major expansion in occupied space. London, Shanghai and Hong Kong have experienced prime office rental growth while transaction volumes in select US cities are exceeding last year's numbers.

Click on the link below for the full report.