New research has suggested that direct investment into global commercial property
is likely to grow by between 25 and 35 per cent in 2011. The forecast will see the total level of transactions around the world reach in excess of USD350 billion.
The recovery and resurgence is likely to be led by markets in the Asia Pacific region, which will outperform both the North American and European sectors, Reuters reported.
According to property consultant Jones Lang LaSalle's Global Market Perspective report, 2011 is expected to be "a promising year for investors seeking to take advantage of distressed opportunities in commercial real estate".
"The recovery ... will be segmented by product type and geography, with prime property continuing to perform better than secondary … we will see movement into secondary markets as the supply of prime product dries up or is bid up to irrational levels," the news provider cited the report as saying.
- Monday 22 November 2010