Momentum is continuing to build in the Americas market, with transaction levels up by 12 per cent quarter-on-quarter. In particular, the US and Brazil have posted the strongest growth over the period, new research has found.
Figures from Jones Lang LaSalle show that US volumes increased by a further 24 per cent in the past three months, while transactions in Brazil have more than tripled through the first three quarters of 2010
as cross-border and domestic investors look to capitalise on the country's robust economic progress.
Steve Collins, head of the ICG in the Americas, said that the strength of interest in the Americas region was helping to draw investors to the market. Indeed, he added that the growth was likely to continue for the rest of the year.
"A broad range of domestic investor types are now actively looking for prime product and in some cases, they're now willing to review secondary markets to achieve higher return requirements," he added.
- Thursday 28 October 2010