The gradual recovery of the global economy and improved liquidity led to an increase in global financial investment in commercial real estate in the 4 quarter of 2013 to 183 billion dollars. Thus, according to preliminary estimates by Jones Lang LaSalle experts, the volume of investments in this market for the entire 2013 year was 549 billion dollars, which is 18% more than 2012 year.
The real estate markets have shown steady positive dynamics over the past 12 months - and this despite the extremely successful end of 2012. The results for the 4th quarter were particularly strong, with growth reaching 31% over the successful 3rd quarter and 13% over the same period last year.
The highest growth was observed in the Asia-Pacific region (26%). Here the volume of investments in commercial real estate returned to the level of pre-crisis 2007 - 124 billion dollars. Record growth in investment volumes was observed in China (66%) and Australia (30%). The total volume of investments in commercial real estate in the Americas for the entire 2013 reached $ 240 billion, which is 18% more than the corresponding figure for 2012. In the 4th quarter, the volume was $ 87 billion, which is 17% more than in the same period last year. Growth in the US and Canadian markets was 20%. In the South American market, the picture is more uncertain due to the rather weak performance in the Brazilian market.
Europe has posted one of the best results since 2007 with growth of 14% in dollars. For the entire 2013, the volume of investments in commercial real estate in this market amounted to 184 billion dollars. In particular, in the UK and Germany, which are among the top three in this region, the growth was 19% and 17%, respectively. Based on the expert forecasts of Jones Lang LaSalle, the 1st quarter of 2014 is expected to be extremely successful in Europe, which will allow achieving 10% growth for the whole year. The main factors of growth in this market will be the expansion of the geography of investors' activities, the development of new market segments for themselves, the continued inflow of capital into this sector and, ultimately, an increase in investor confidence.
According to preliminary forecasts, in 2014, the global investment in commercial real estate will grow by 14% and will be at the level of 625 billion dollars. The most active growth is expected in the Americas. Here, the volume of investments in the 2014 year will grow by 20%.