Wait 30% more investment in commercial properties in Europe, Middle East and Africa
Direct investment in commercial properties in Europe, Middle East and Africa is expected to increase by 30 percent this year compared with 2009 and reached 90 billion, according to a new study.
According to the report of the consulting firm Jones Lang LaSalle (JLL), the volume of investment in the first quarter of 2010 reached 20 billion euros. This represents an increase of 75% compared with 12 billion reported for the same period last year.
However, the volume of the first three months was 15% lower compared to last quarter of 2009, when he was 25 billion.
The British market represents over one third of the total volume of transactions. The amount of investment in Britain for the period was 7.8 billion, almost unchanged from the previous quarter.
Second only to Germany, Britain, France and Sweden, each of which reported growth in activity compared with a year earlier, the report said.
"The first quarter is usually one of the weakest quarters, investors do not exert pressure to close deals, this is the end of the year," said Richard Bloksam, Director of Capital Markets for Europe, Middle East and Africa at JLL.
"Usually the first quarter with 20-30% lower than last quarter, so we do not accept drop of 15% as a sign of slowdown in the market."
Published on 2012-05-22 10:17:22
Source: Investor.bg
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