Global Direct Commercial Property - H1 2008 volumes fall 41% year-over-year; Cross-border transactions rise to 27% of United States trades
Aug 6th, 2008 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Global commercial property transaction volumes in H1 2008 have fallen 41% from the record levels seen in H1 2007. At just $236 billion, investment volumes were almost back to H1 2005 levels. Despite the lower volumes, the trend toward the globalization of real estate ownership was maintained with cross-border investment activity continuing to account for almost 45% of total transaction volumes. There were however regional variations with the share of cross-border activity rising from 25% to 30% in the Americas but falling from 46% to 34% in Asia Pacific and from 66% to 58% in Europe.