Global property markets are expected to continue on their broad-based recovery this year, it has been suggested. According to an article by Global Property Guide, improving sentiment worldwide is helping to drive a resurgence in investment activity.
The report highlights European real estate as one area which has been targeted for capital investment
over the past year, stating that this trend is likely to continue.
"Europe remains the main target for capital investment with increasing levels of activity expected from overseas investors. European investment volumes are expected to reach about EUR 110 billion in 2011, more than a 20 per cent increase on the estimated forecast of approximately EUR 90 billion for 2010," Global Property Guide said.
This improving sentiment is also tied to indications of better performance in emerging European markets, notably Poland, while Russia is also rebounding.
Meanwhile, the news provider cites higher oil prices and increasing business interest as one reason that some Middle Eastern economies are seeing renewed activity.
- Wednesday 12 January 2011