Related News
Home » Business » Real Estate
Global property investment to surpass US$1 trillion, report says
By Cherry Cao |
March 14, 2013, Thursday
|
Online Edition
Online Edition
THE global property investment market will likely see activity exceed US$1 trillion in value this year following modest growth in 2012, an international real estate services provider has predicted.
That will represent 14 percent annual growth from last year, when real estate investment volumes around the world climbed 6 percent to US$929 billion, Cushman & Wakefield said today in its latest report, titled International Investment Atlas.
North America and Asia are expected to lead the double-digit growth while increased allocations to property by institutions and high net worth individuals and families, coupled with increased stock coming to the market, will boost momentum in the market.
"2012 was a year of profound uncertainty in the global economy, which impeded decision making and market activity and we anticipate less uncertainty this year," said Glenn Rufrano, global president & CEO of Cushman & Wakefield.
In Asia Pacific, improved macroeconomic conditions with sustainable growth are set to drive activity between 15 and 20 percent from last year, according to the company's forecast.
That will represent 14 percent annual growth from last year, when real estate investment volumes around the world climbed 6 percent to US$929 billion, Cushman & Wakefield said today in its latest report, titled International Investment Atlas.
North America and Asia are expected to lead the double-digit growth while increased allocations to property by institutions and high net worth individuals and families, coupled with increased stock coming to the market, will boost momentum in the market.
"2012 was a year of profound uncertainty in the global economy, which impeded decision making and market activity and we anticipate less uncertainty this year," said Glenn Rufrano, global president & CEO of Cushman & Wakefield.
In Asia Pacific, improved macroeconomic conditions with sustainable growth are set to drive activity between 15 and 20 percent from last year, according to the company's forecast.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
