In a recent study involving 60 countries, Jones Lang LaSalle capital markets has announced figures that reveal growth in global real estate investment.
According to the research, which was collated from the fourth quarter of 2012, total global sales transactions have demonstrated growth of 36% since 2010.
In the US, the final quarter of 2012 accounted for $141 billion of the year's preliminary $436 total, with investment volumes rising 51% quarter-on-quarter.
The report attributed the success of the final quarter to the government’s 'fiscal cliff' crisis, which has seen investors in the US seek out opportunities in a bid to avoid capital gains taxes by allocating their funds. Not only is America in the midst of a real estate market comeback but also other countries have benefited from a final quarter boost. These include Mexico, Canada, France, Germany and the Nordic countries.
Head of the International Capital Group at Jones Lang LaSalle, Arthur de Haast, commented on the research cited in the company's report, saying: "The surge in the final quarter of the year demonstrates once again that real estate markets are well through the recovery phase of the cycle and are now supporting year-on-year increases in transactional volumes. Based on this evidence, we anticipate that 2013 will be another one of growth with global volumes set to be between $450-500 billion."
The figures revealed in the research serve to reaffirm growing evidence that the real estate market is undergoing a turnaround that alludes to the growth of the overall global economy. It is hoped that this is a sign of recovery after the damage caused to the real estate market, and elsewhere, by the recession.
