Investment activity in real estate hit a global high in 2017 but North American investors were overshadowed by those from Asia.
Cushman & Wakefield’s Global Investment Atlas 2018 shows that investment in 2017 reached a record U$1.62 trillion with investors from Asia accounting for 46% of the global capital.
In North America, investors from Asia Pacific pulled back their exposure to US markets and overall investment activity in the region was down 6.9% year-over-year.
Canadian markets though grew at their strongest rate in 5 years with a 12% rise in activity, with demand forecast to remain hot in 2018.
“Global real estate performed exceptionally well in 2017 with volumes up sharply and increasing valuations,” said Carlo Barel di Sant’Albano, Chief Executive of Cushman & Wakefield’s Global Capital Markets & Investor Services business. “This has provided good momentum going into 2018 and the balance of pricing, supply and demand all point to a further healthy year. Indeed, while stock is hard to find, we are forecasting a small gain in global volumes thanks to more development, an increase in profit taking and more corporate activity.”