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Global property spending to beat US$1t
By Cherry Cao |
March 15, 2013, Friday
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Print Edition
Print Edition
GLOBAL property investments will likely exceed US$1 trillion this year, with North America and Asia expected to lead double-digit growth, an international real estate services provider has predicted.
The amount will mark a 14 percent annual growth from 2012 when real estate investment value globally climbed an annual 6 percent to US$929 billion, Cushman & Wakefield said yesterday in its latest report titled International Investment Atlas.
North America and Asia are expected to lead the double-digit growth this year with increased allocations to property by institutions and high net worth individuals amid increased inventory.
Cushman & Wakefield predicted that improved macroeconomic conditions and sustainable growth in Asia-Pacific will drive property investments from 15 to 20 percent this year from 2012.
The amount will mark a 14 percent annual growth from 2012 when real estate investment value globally climbed an annual 6 percent to US$929 billion, Cushman & Wakefield said yesterday in its latest report titled International Investment Atlas.
North America and Asia are expected to lead the double-digit growth this year with increased allocations to property by institutions and high net worth individuals amid increased inventory.
Cushman & Wakefield predicted that improved macroeconomic conditions and sustainable growth in Asia-Pacific will drive property investments from 15 to 20 percent this year from 2012.
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