Global investment in real estate hits record US$1.8t
Despite geopolitical uncertainty and a slowing in the economic cycle, investment in the global property market rose a significant 18 percent year on year to a new record high of US$1.8 trillion (2017: US$1.5 trillion), according to Cushman & Wakefield’s Winning in Growth Cities, which examines global commercial real estate investment activity, assessing cities by their success at attracting capital.
The 18 percent increase in commercial real estate investment is being led by Asia, both as a source of capital and as an investment destination, with investment in Asia accounting for 52 percent of all activity and Asian buyers responsible for 45 percent of all cross-border investment.
At a metro level, New York City remains the largest real estate market in the world, followed by Los Angeles and London, with Paris rising strongly to take the fourth spot ahead of Hong Kong. Among international buyers, London is still unassailable, with New York City slipping