Global property investment to hit$1.33tn in 2014

Global property investment transactions totaled $1.18tn in 2013, increasing 22.6 per cent from 2012 to the highest total since 2007.

A combination of improving market conditions led to a strong performance in 2013, according to a report from Cushman & Wakefield.

“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,” Head of EMEA investment strategy, David Hutchings said in the report.

According to worldpropertychannels.com reported that while all regions witnessed positive growth last year, Asia led in investment volumes, increasing 25 per cent to $568.6bn, which accounted for 48 per cent of the market.

The growth in China, Japan and Australia offset declines in Taiwan, India, South Korea, Hong Kong and Thailand.

A strong final quarter drove volumes in EMEA to a six-year high of $246.3bn in 2013, 23 per cent higher than the previous year.

“Overall demand is still rising as institutional allocations are raised and foreign interest increases,” Jan-Willem Bastijn, Cushman & Wakefield’s head of EMEA capital markets, said in the report.

“Greater debt availability and lower pricing is adding to buying power and while still restricted to prime in many areas, risk appetite among lenders is improving, leading to a slow broadening in availability.”

Investments in Latin American markets dropped 13 per cent in 2013 to $5.7bn after a weak second half.

Even though domestic investment increased 38 per cent, foreign investments fell 61 per cent to just 21 per cent of the total, its lowest markets share in three years, C&W reports.

Source: Guardian Newspaper

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