Americas expected to lead global property investment market recovery
Analysts expect a 20% increase in global property investment markets in the second half of 2012 led by the Americas and driven by increased confidence and a release of pent up investor and tenant demand.
A return to better economic growth will be the key to the strength of the recovery, according to Cushman & Wakefield’s latest research report, the International Investment Atlas 2012.
‘We are witnessing increased risk tolerance in the securities and real estate markets. As the economic news firms, particularly in the sovereign debt and banking markets, these trends are expected to accelerate in the second half of the year,’ said Glenn Rufrano, global president and chief executive officer of Cushman & Wakefield.
Cushman & Wakefield anticipate volumes for the year to be little changed overall on 2011, at US$710 to 720 billion but within this total, a potential 20% increase between the first and second halves of the year is expected, with activity picking up due to stronger demand as well as increased investment supply resulting from bank loan sales and recapitalizations.
Source: PropertyWire.com