Cross-border capital circles the globe
A total US$188.5 billion in outbound capital went into real estate in the 12 months to third quarter 2018, according to Knight Frank’s most recent Cross-Border Investor Dashboard, which cites data from Real Capital Analytics. Of that amount, US$68.5 billion was from Europe, US$67.9 billion from North America, US$42.6 billion from Asia Pacific and US$9.5 billion from the rest of the world.
At US$48 billion, the majority of cross-border capital flows were from Europe to other parts of Europe during the 12 months to third quarter 2018. The remainder of Europe’s total US$68.5 billion in outbound investment went to North America (US$17 billion) and Asia Pacific (US$3.3 billion).
Of North America’s US$42.6 billion in cross-border capital, US$29 billion went to other parts of North America, while Europe and Asia Pacific received US$26 billion and US$13 billion, respectively.
Investment volumes from Asia Pacific were more evenly split, with US$15 billion