Investment in Europe, the Middle East and Africa (EMEA) is expected to be a full 30 per cent higher than in 2009 by the end of the year, it has been claimed. This is despite the region posting a 12 per cent decline in activity during the third quarter of 2010.
According to a study by Jones Lang LaSalle, direct commercial investment in real estate
in the region totalled USD 27 billion over the past three months. And the property consultancy has predicted that by the end of the year, volumes will reach USD 280 to USD 290 billion.
Richard Bloxam, head of the company's pan EMEA capital markets team, said that the rise was reflective of the improved investor sentiment seen across the region compared to a year previous.
"Looking forward, both Germany and the Nordics are likely to see higher volumes, where improving fundamentals and resilient economies are boosting investor confidence," he added.
- Thursday 28 October 2010