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Increased appetite for global real estate as U.S posts 30% jump in Q2

Chicago, London, Singapore, 08 July, 2015 – The US leads global commercial real estate investment in the second quarter of 2015 after posting a 30 percent rise in transaction volumes, as full year global forecasts hit US$750-760 billion.

   Despite the debt crisis in Greece and volatility in China’s equity markets, Q2 2015 prelim data from JLL shows global transaction volumes in the second quarter of the year totalled US$161 billion, unchanged from the same period a year ago.

   The Americas, as a whole, posted the best second-quarter performance since 2007, at US$79 billion, as the U.S. economy recovers while Russia shows signs of renewed optimism with the strongest level of activity seen in five quarters.

   In Asia Pacific, lower transactions in Japan and Australia – the region’s biggest markets – pulled volumes down. In EMEA, transaction volumes were up 11 percent, measured in local currencies.

   “We can expect the recent decline in global interest rates to support transactional activity for the remainder of 2015,” says David Green-Morgan, global capital markets research director at JLL. “As a result, we believe global volumes for the full year will reach US$750-760 billion, a 5 percent rise on 2014 transactional activity.”

Regional highlights

Americas: U.S. recovery gaining momentum

   Transactional volume in the Americas climbed 18 percent both on a year-on-year basis and a year-to-date basis, supported by growth in the U.S. In Canada, volumes are 20 percent down year-to-date.

EMEA: Greece’s debt crisis takes backseat

   Southern Europe posted a 47 percent growth in the first six months. The UK, France and Germany were up 15 percent each in the same period while Nordic investment was up 38 percent.

Asia Pacific: The strong US dollar bites

   Transactional volumes fell 19 percent in US dollar terms as the region was affected by the strength of the greenback, although Hong Kong was a standout with volumes up 88 percent. This was despite the ongoing political turmoil.