Commercial real estate dealings have almost twice around the world from last year, and cross-border speculation has gone back to pre-crisis levels, according to Jones Lang LaSalle (JLL).
Total global speculation totaled $132bn (€101bn) in the first half contrasted with $76bn in the first half of 2009, underpinned by strong movement among global investors.
Cross-border speculation now accounts for 43% of all transactions, having healthier from a low of 31% in the first half of 2009, and JLL said the trend was to carry on for the remainder of 2010.
The corporation said the market pick-up showed self-assurance had better and that the globalization of real estate speculation had returned.
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Total global speculation totaled $132bn (€101bn) in the first half contrasted with $76bn in the first half of 2009, underpinned by strong movement among global investors.
Cross-border speculation now accounts for 43% of all transactions, having healthier from a low of 31% in the first half of 2009, and JLL said the trend was to carry on for the remainder of 2010.
The corporation said the market pick-up showed self-assurance had better and that the globalization of real estate speculation had returned.
Full story
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