New York Remains World's Largest Real-Estate Market

By ExpatBriefing.com Editorial 10 October, 2013

New York is the largest global real estate investment market for the third consecutive year, according to Cushman & Wakefield's annual Winning in Growth Cities report launched October 08 at the EXPO REAL trade fair in Munich, Germany.

Real estate investment volumes in New York rose 39 percent to USD49.2bn in the year up to the second quarter of 2013.

The top 25 global cities saw their market share rise from 53 percent to 55 percent over the year to June, with volumes ahead by 20.7 percent compared to a 12.1 percent rise in the rest of the market. However, while this group of cities continues to be favored by investors for their low-risk qualities, there may be signs this heavy focus on core global cities is starting to waver as investors seek new opportunities – market share of the largest 25 cities is down from 58 percent in Q1 2013 to 50 percent in Q2 2013, according to the report.

Other highlights from the report include the following:

Carlo Barel di Sant'Albano, Cushman & Wakefield's Executive Chairman, commented: "Most indicators suggest property demand will both increase and broaden to embrace new markets and a higher share of investment will be cross-border as investors increase their risk tolerance. Assuming the US recovery continues to gain traction helping confidence and growth across all economies, we anticipate that next year will be favorable for much of the market as stimulus measures and recovery spark an appreciation in capital values for good quality space with strong occupier demand."

Tags: Investment | Real-estate Investment | Real-estate | United States | Expats |

 





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