Global real estate transactions reached USD 316 billion in 2010, a full 50 per cent over the volume seen in the previous year, research from Jones Lang LaSalle has revealed.
According to the property consultancy, this dramatic turnaround was bolstered by a strong fourth-quarter of the year and highlights the significant recovery in investment activity across all three of the world's major regions.
Jones Lang LaSalle added that volumes will continue to grow by around 20 to 25 per cent in 2011.
"In Europe, the Nordics, CEE countries and Germany [we] have seen the greatest increases in activity over the year," said Richard Bloxam, director of Jones Lang LaSalle's EMEA Capital Markets group.
"The restricted supply of core assets in Europe's major markets is driving investment demand to other cities and geographies. Additionally we are witnessing an increasing appetite from investors to step into core investments at an earlier stage of development."
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