DTZ has revised its estimations on the amount of capital that will be available to invest in global real estate markets in 2012. The firm believes USD 316 billion will be accessible to plough into property transactions around the world, a figure that is four per cent lower than the estimate it gave at the end of 2010. The Great Wall of Money report published by the organisation looks at new capital being injected into the real estate sector and which opportunities it is directed towards.
According to the study, the Europe, Middle East and Africa region has seen available funds decline by three per cent, while Asia has experienced a drop of 12 per cent this year. The Americas bucks this trend, exhibiting a three per cent jump in the amount of capital on hand for investments during this period. Nigel Almond, associate director of forecasting and strategy at DTZ, commented: "The reduction in new capital raising is not surprising given the renewed global economic uncertainty, while funds focus on putting existing capital commitments to work."
Meanwhile, the Global Property Guide house price survey for the second quarter of the year found that markets in all regions were weaker in 2011 than in the same three-month period a year earlier. Asia continued to see the biggest price rises, while many European nations faltered and the US housing market was described as "alarmingly weak".