The close to repetition of global commercial real estate dealings in the first half of 2010 compared to the same stage a year ago was underpinned by a go back to pre-crisis levels of cross-border asset, according to new investigate from Jones Lang LaSalle.
Whole global commercial real estate asset totaled US$132bn for the first half of 2010, evaluated to US$76 in H1 2009[1], and following reaching a low of 31% of total volumes in the first half of 2009, cross-border[2] activity is now back above 40% (43%), a tendency set to continue for the residue of 2010.
This reflects a general market pick-up as self-assurance improved, a return to the globalization of real estate asset and a search for value by investors.
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