Property investors in Europe had the highest volumes of cross-border activity during the first half of 2010, new research has found.
Financial and professional service firm Jones Lang LaSalle claims that over 54 per cent of all European transactions conducted in the first six months of the year were cross-border. This is compared to 31 per cent in Asia Pacific countries, while the Americas led the inter-regional transactions for the period.
In terms of destinations, the UK is currently the most popular destination for cross-border investment with USD 7 billion invested so far this year, in addition, Germany replaces the US as the second most popular country for foreign investment.
Richard Bloxam, head of Pan-EMEA Capital Markets at Jones Lang LaSalle, commented: "After the retrenchment in 2008 and 2009 of many investors to their domestic markets, 2010 has seen a bounce back to pre-crisis proportions of cross-border activity. "Total volumes, whilst recovering markedly year on year, remain subdued in comparison to 2007."