Real estate outperformed other asset classes in 2015 as record investment in the US helped drove global transactional volumes throughout the year.
According to new preliminary figures from JLL, global real estate investment in USD terms is likely to reach $689bn (€630.5bn), 3% below 2014 volumes. In Europe, Germany and the Nordics investment figures were the strongest with almost 30% growth on the previous year. All of the major markets across the continent are ahead of 2014, Central and Eastern Europe is the only sub-region to see a decline on last years volumes, although Russia bucked this trend with volumes up almost 50%.
“As we move into 2016 investor sentiment seems to be more cautious, but there is certainly no sign of investors pulling back in any meaningful way, rather we should expect growth from 2015 levels to be more measured,” says JLL’s global capital markets research director, David Green-Morgan.
Transaction volumes in the Nordic property market will reach almost €40bn in 2015, according to new figures from Pangea Property Parnters, this is the highest volume ever recorded. Growth was particularly strong in Norway and Denmark, where transaction volumes have doubled from the previous year.
