Global real estate consultant JLL, has said that property investors worldwide continued to demonstrate their confidence in global real estate markets throughout 2017, with investment in the final quarter hitting its highest level in three years.
According to the firm, despite continued political concerns, real estate markets mirrored the global economic recovery with Q4 2017 volumes coming in at $228bn, bringing full-year activity to $698bn, six per cent higher than 2016.
Both EMEA and APAC recorded a strong full-year performance, jumping 22 per cent and 13 per cent respectively, while the Americas saw volumes dip by 12 per cent as investment in the US continues to slip.
World Property Journal reports that although JLL acknowledged the market to be in an extended cycle, investor appetite for the sector has remained consistent. But JLL also reports the market is unlikely to see the same highs in 2018 as a relative lack of product combined with continued discipline are likely to cause the market to soften by five to 10 percent and finish around $650bn.
Originally published in The Punch