Global transaction volumes at highest level since 2007
Global commercial property transaction sales were greater than $1.1 trillion in 2013, increasing 27 percent from 2012 and exceeding $1 trillion for the first time since 2007, according to data from Real Capital Analytics.
China and the United States accounted for 62 percent of global transactions, growing at a similar rate to the global market, having made up 58 percent of transactions in 2012. China accounted for 4 percent more of global property transactions in 2013 as in 2012, boosted by a 39 percent increase in land transactions to bring the total for 2013 to $390 billion.
Investors began moving back up the risk curve in 2013, with secondary markets in Europe, such as Ireland, Portugal, Spain and Greece, and secondary markets in Asia, such as Malaysia and Vietnam, all performing well. Volumes in Mexico nearly tripled in 2013 with a year-end value of $3.7 billion.
But despite th