The professionally managed global real estate market size grew marginally to $7.0 trillion by year-end 2014 from $6.8 trillion at year-end 2013, according to MSCI. Currency movements reduced the global real estate market by approximately 7%. In contrast, capital value growth and new developments in the market, such as sale and leaseback transactions and new construction, were the main contributors to growth in market size. Newly identified portfolios resulted in considerable increases in some markets, particularly in the smaller and less transparent emerging markets. 2014 marked the fifth consecutive year that the relative weight of the US increased within the IPD Global Annual Property Index. Although this increase is partly due to the relative high capital growth compared with the global average, the predominant reason was the depreciation of many currencies against the US dollar.
Source : MSCI