A growing number of European investors are prepared to make cross-border investments in the coming months, a new study has found. The Colliers 2010 Global Investor Sentiment Survey for the third quarter of the year has suggested that confidence is returning to the sector.
Indeed, 62 per cent of respondents said that they were planning to look overseas for their next real estate purchase, a notable jump from the 30 per cent figure quoted in the organisation's first quarter survey.
"Most of the survey's top line findings demonstrate a growing optimism in the global real estate market," said John Davis, director of Colliers International Global Investment Services. "Optimism in the market is reinforced by the nearly three-quarters of respondents saying a double dip recession is unlikely."
To this end, a total of 90 per cent of those questioned in the Colliers study revealed that they were planning to expand their current levels of real estate holdings within a year or maintain them at their current levels.