Global Property Investors Ready to Shop in 'Most Attractive' US Market
Wednesday, October 13, 2010
Source: Bloomberg
Bloomberg reports: DTZ Group Plc, a London-based real estate brokerage firm, recently released a report forecasting that commercial property investors will become more active in the US throughout 2010 and 2011. This supports the US market’s growing momentum already observed by Real Capital Analytics (RCA), which recently reported in its US Capital Trends report that US commercial property sales reached their highest level in over two years during the third quarter. Also similar to the DTZ report, RCA expects the US’ share of global property sales during 2010 to grow significantly over 2009.
According to DTZ’s report, after two years of hording capital and waiting for prices to touch bottom – equity funds and investment firms have increased their capital available for deals by 54% since December 2009, to $97.0 billion – global property investors are ready to go shopping. Several attributes make the US an attractive location for property buyers, including relatively higher yields. The firm is expecting already growing activity to continue and expand in the US over the near-term future, driven by real estate investment trusts (REITs) and equity funds capital groups.
View the full article on Bloomberg: Global Property Investors Ready to Shop in 'Most Attractive' US Market
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Posted by: Nina Turner