Cross-regional real estate investments are set to rise as the market begins to return to strength. This is one of the findings of a CB Richard Ellis (CBRE) report, which found that the total investment turnover from foreign purchases in the first half of the year stood at EUR 22.4 billion.
This figure has fallen from EUR 134.8 billion in the year and a half at the peak of the market and represents a decline of 83 per cent - highlighting the recent struggles witnessed in the sector.
CBRE said that it was expecting this to pick up once again in line with the market's recovery, with growing confidence seen in investors. Jonathon Hull, head of EMEA capital markets, said that "to an extent, this has already been seen in 2010".
"A broader cross-section of locations for cross-regional investors
would have implications for the German market, as during the boom, Frankfurt, Munich and Hamburg also featured in the top 10 destinations for cross-regional capital," he added.
- Friday 08 October 2010