Daily Real Estate News January 20, 2011
Global direct property investment is expected to rise 20 percent in 2011 to $380 billion, led by a sharp rise from the United States.
Commercial real estate investments - such as malls, offices, and industrial properties - reached $316 billion in 2010. That represented a 50 percent increase from an eight-year low in 2009 of $209 billion.
"Barring further sovereign debt crises or financial shocks, the momentum of 2010 is expected to continue over the next 12 months, and we predict global volumes for 2011 should increase by 20 to 25 percent," Arthur de Haast, head of Jones Lang LaSalle’s International Capital Group, told Reuters News.
The property consultancy company expects volumes in the Americas to jump 40 percent to $135 billion this year. U.S. recovery has been spurred by investor interests in New York, Washington, D.C., and San Francisco...
http://www.realtor.org/rmodaily.nsf/pages/News2011012005
Global direct property investment is expected to rise 20 percent in 2011 to $380 billion, led by a sharp rise from the United States.
Commercial real estate investments - such as malls, offices, and industrial properties - reached $316 billion in 2010. That represented a 50 percent increase from an eight-year low in 2009 of $209 billion.
"Barring further sovereign debt crises or financial shocks, the momentum of 2010 is expected to continue over the next 12 months, and we predict global volumes for 2011 should increase by 20 to 25 percent," Arthur de Haast, head of Jones Lang LaSalle’s International Capital Group, told Reuters News.
The property consultancy company expects volumes in the Americas to jump 40 percent to $135 billion this year. U.S. recovery has been spurred by investor interests in New York, Washington, D.C., and San Francisco...
http://www.realtor.org/rmodaily.nsf/pages/News2011012005
