Some USD 440 billion is expected to be transacted across global real estate markets this year,
according to the latest forecast by Jones Lang LaSalle (JLL). If reached, the figure will be the highest amount reached since 2007.
The consultancy noted that the sales volumes will be led by 60 per cent growth from the Americas, itself boosted by the easing debt situation in the US, Reuters reported.
In the first three months of the year volumes have already climbed 44 per cent to hit USD 94 billion, compared to the previous year.
Brazil became the fifth most active investment market over the period, with the BRIC group of emerging nations
accounting for 13 percent of global volumes.
JLL expects total investments in North and South America to be USD 155 billion this year, up 60 per cent from 2010.
Meanwhile, volumes in Asia Pacific are expected to grow by 15 to 20 per cent year-on-year, the firm added. And Europe is also forecast to see investment volume rise by up to 30 per cent with the UK, Germany and France dominating proceedings.
- Friday 06 May 2011