The global property investment market saw a modest 6% rise in activity over the course of 2012, with volumes up to US$929 bn. This estimate includes revisions made by RCA to their published year-end numbers, prior to which the global estimate was US$907 bn, excluding development sites in mature markets. However, the lasting impression of this year will not be one of steady growth but rather of an exceptionally busy year-end masking three quarters of quite stagnant levels of performance, in what for most markets was a difficult year. Increased seasonality has in fact been a growing feature of the global market for some time – with 2012 seeing the third 4th quarter spike in a row – nonetheless there is still every reason to view these figures more positively and believe that a modest recovery is starting to get under way.
Source : Cushman & Wakefield