The value of the real estate capital market reached US $12 trillion (approx. €7 trillion) in 2007, up 18% on the previous year, according to DTZ's flagship Money into Property report. Global investment transactions also grew to US $730 billion in 2007, but, following the sea change in the global investment environment over the course of last year, DTZ expects a fall of 30% in 2008 to about US $500 billion.
DTZ reveals that global direct real estate transactions were down some 50% in Q1 2008, compared to the same time in 2007. In the UK, transactions appeared to stabilise in Q1 2008, standing at