Global direct real estate investment hit record in ‘07

After a record year in 2007 for direct real estate investment globally, with volumes up 8% year on year to US$759 billion, Jones Lang LaSalle has commented on the outlook for 2008 in its latest Global Real Estate Capital report. The firm expects global investment market volumes for 2008 to be down over 30% on 2007. The Americas and European investment markets will certainly see a material decline in full year volumes and, although Asia may be more resilient, volumes will not achieve the heights of 2007.

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