RCA in the commercial property press:

China Property Sales Top US for Second Year in 2010 Global Recap

Bloomberg - Businessweek reports: Referencing data recently released as part of Real Capital Analytics’ (RCA) Global Capital Trends 2010 Year in Review, Bloomberg’s BusinessWeek stated that sales of commercial property and development sites in China totaled $197.1 billion during 2010. This was the largest yearly volume of any country and accounted for a remarkable 44% of the $582.0 billion total in global commercial real estate sales last year.

Year-over-year, Chinese sales were up by 23% from 2009 despite the Chinese government’s attempts to cool domestic property markets. According to the latest Global Capital Trends report, investment into Chinese commercial property during the fourth quarter reached its highest level in over four years.

The US came in second by volume on a global basis, with $112.5 billion in sales. Nearly $24.0 billion of sales in London during 2010 pushed that market above all others, including New York and Hong Kong, to the number one position for individual markets.

Articles related to this topic:

 London Leads Commercial Real Estate sales for Second Year in a Row
 CIC's Refinancing of NYC Tower Illustrates Growing Magnitude of Chinese Players
 China-Based Shenzhen Takes Second Troubled LA Hotel
 Chinese Investors Join Cross-Border Buyers to Rush London Property Market
 Property Funds Pick Germany Over UK as Top European Investment Choice
 China Introduces Additional Curbs on Domestic Property Market
 Istanbul Ranks Highly in PwC's Capital-Destination Survey
 Optimism Persists for Asia-Pacific CRE Despite Lackluster Q4
 Hong Kong-Based Chinese Estates Has Insatiable Appetite for London Office

Posted by: Nina Turner

<< Prev

Next >>