Real estate transaction volume drops in top global markets
Transaction volume in gateway markets is slowing. The top two global markets had real estate sales activity decline in first quarter 2016 compared with first quarter 2015.
London held the number one slot for capital allocations in 2015, the city’s eighth consecutive time that it has held this position, according to Real Capital Analytics’ Top 40 Markets list for Europe. However, investment in the London metropolitan market (across the apartment, hotel, industrial, office and retail sectors) dropped in half, as sales volume during first quarter 2016 totaled approximately $6.48 billion, down from $12.54 billion in first quarter 2015. London sales volume in full-year 2015 was approximately $54.2 billion, a 41 percent increase from 2014.
Approximately $5.2 billion of invested in London during the first quarter was from foreign investors, according RCA’s “Cross-border Capital Tracker.” Singapore-based investors had invested th