Globally the total level of direct real estate investment is expected to grow by 20 per cent by the end of 2011, with the resurgence in activity led primarily by a rebound in interest in the US property market.
This is one of the findings from the latest report from consultancy Jones Lang LaSalle, which believes that the total worldwide investment volume will reach USD 380 billion.
However, this figure still remains well below the USD 759 billion transacted during the market’s peak in 2007.
“Barring further sovereign debt crises or financial shocks, the momentum of 2010 is expected to continue over the next 12 months and we predict global volumes for 2011 should increase by 20 to 25 percent,” said Arthur de Haast, head of Jones Lang LaSalle’s International Capital Group.
The firm explained that investment in the Americas region will shoot up by around 40 per cent in 2011, while activity in EMEA (Europe, Middle East, Africa) and Asia Pacific regions will climb ten and 15 per cent respectively.