Global property investment to hit $1.3 trillion
Last year was very good for property investment activity. This year will be even better.
That is the assessment of Cushman & Wakefield, which is forecasting a 13 percent increase in global property investment to $1.33 trillion, with the United States and Western Europe spearheading the increased activity. That prediction comes on the heels of the firm’s newly released International Investment Atlas, which calculates the global property investment market recorded $1.18 trillion in transactions during 2013 — a 22.6 percent increase above 2012 and the highest total since 2007.
In all regions, foreign investors grew in significance as their activity rose by 24.3 percent versus a 22.3 percent increase in domestic demand. A significant shift in the nature of cross-border players is taking place, the report says, with global investors stepping forward in a big way compared with reg