Global investment volumes in commercial property rose by 33% last year to reach a record €491bn according to new report published by global real estate consultant Cushman & Wakefield.
All regions saw a strong uplift in activity, with the real push coming from Europe and Asia, up 50% and 48% respectively. With investment volumes of €191bn, the US accounted for 39% of global activity down from 46% in 2005. Europe increased its share from 41% to 46% and Asia from 13% to 15%.
Cross-border capital continued to be the dominant force during 2006 and now represents 29% of the total global market up from 25% in 2005. Europe continues to have the strongest penetration of cross-border investors which now account for half of all investment in the region. Asia has seen activity from foreign buyers rise to 32% from 28% whilst US and Canada saw a more moderate increase of 13%.
These latest findings are contained in the 2007 Cushman & Wakefield International Investment Atlas which will be launched at this year's Cushman & Wakefield's Global Capital Markets Conference.
Source: Cushman & Wakefield