RCA in the commercial property press:

EMEA Lagged Global Growth in Property Sales during Q2

Quotidiano Immobiliare (ITA) reports: Daily real estate publication Quotidiano Immobiliare cited data aggregated by Real Capital Analytics’ recently-released Global Capital Trends Mid Year-Review edition to state that global transaction volume of commercial properties rose to $165.3 billion in the second quarter of 2011. This was 36 percent higher than the same period of last year, and pushed global year-to-date volume to $350 billion.

Quotidiano acknowledged that the continued growth in property sales was owed mostly to the United States, which posted a remarkable 147 percent jump over the previous year in the second quarter. The EMEA region, which has been destabilized by debt crises in the Eurozone over the past year, posted just a 10 percent improvement over 2010. Italy has narrowly avoided the debt crisis thus far, while the solid northern economies of Germany and the Scandinavian nations posted the largest increases in property sales during the second quarter.

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Posted by: Nina Turner

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