Global capital flows to further diversify, while investors remain cautious and selective in 2020
2019 stands as the most active year for global real estate investment on paper as measured by transaction volume, reported JLL’s Global Capital Flows 2019 report. Investment in global commercial real estate increased by 10 percent in the fourth quarter 2019, rising to $245 billion, bringing full-year activity to $800 billion, up 4 percent from 2018.
“The fundamentals of Asia Pacific’s commercial real estate market will again serve as a major draw for investors in 2020. Despite macroeconomic challenges and the highly unpredictable nature of the Covid-19 outbreak, longer-term investor sentiment remains extremely positive. We foresee investor strategies becoming more selective and further diversification into the logistics, living and data center sectors. The continued low interest rate environment and supportive central bank policy will also offset some of the macro headwinds and provide further confidence to investors’ cross-border strategies,” said Stuart C