From Cushman & Wakefield:
The International Investment Atlas 2014 report has been prepared by Cushman & Wakefield to provide an introduction to the world’s key commercial real estate investment markets in 2013 and an indication of activity in 2014. It covers the main areas of activity, showing the size and status of each and giving a flavor for the real estate sectors and a brief view on where each is heading.
This report is supplemented by three Regional Market Profiles for The Americas, Asia Pacific and EMEA, all of which include page by page country overviews, totaling 55 global countries.
- Momentum is building as confidence returns
- Demand is broadening to new areas and sectors
- A rapid but front-loaded recovery is now underway
- Change, not growth, is set to drive medium term demand and performance
- Investors are well advised to buy the stock – not the market
Highlights for 2013 and the year ahead:
- Global property investment rose 22.6% in 2013 (over 2012, with volumes reaching USD1.18 trillion – the highest global total since 2007.
- Asia Pacific saw the fastest growth in investment volumes of any region in 2013, with a 25% increase delivering a year-end volume of USD568.6 billion, 48% of the global market.
- In EMEA a strong final quarter drove volumes to a six year high of USD246.3 billion in 2013, 23% up on the previous year.
- In Latin America investment activity fell 13% in 2013 to USD5.7 billion after a weaker second half of 2013.
- North America saw overall volumes rise by 19% to USD359 billion (30% of the global market), driven by the USA but with demand in Canada also strong, albeit activity levels were similar to that of 2012.
- Global investment volumes in 2014 are expected to be above that of 2013, reaching USD1.33 trillion, with the USA and Western Europe driving the increase.