RCA Insights

Global Capital Market Liquidity Rebounds at Midyear

By on August 19th, 2021

Global real estate market liquidity bounced back in the second quarter of 2021 after the Covid-19 pandemic had caused a slowdown across the majority of 155 markets tracked by the RCA Capital Liquidity Scores. The latest report shows liquidity rose in 113 markets between the first and second quarters of 2021.

The markets of the Americas have displayed the most volatility through the pandemic period. In the second quarter of 2020, with the onslaught of the pandemic and widespread lockdowns, liquidity scores for 56 of the 64 cities tracked fell. In the past quarter, liquidity rose in 58 of those markets.

In the global rankings of most liquid markets, Berlin rose to the number one position, usurping Central Paris which has suffered from a slump in office investment this year. Manhattan, which until the start of the pandemic had held the top spot, was at number 9. Central London, boosted by an influx of cross-border capital, rose to the number 8 rank, from the number 16 spot at the beginning of 2020.

In Asia Pacific, Sydney replaced Tokyo – 5 Wards to become the region’s most liquid market. However, both Sydney and Tokyo – 5 Wards are among the few markets where liquidity kept falling through the second quarter. By contrast, Hong Kong’s score continued to rebound, reaching the highest level since 2019.

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To learn more about RCA Capital Liquidity Scores and how this data can help inform your investment decisions, contact us. Clients can access the latest RCA Capital Liquidity Scores report via the RCA client website.

Also on RCA Insights: 

Chart: Boston Overtakes Manhattan as Most Liquid US Market

Office Market Liquidity Winners and Losers During Covid

Global Liquidity Shrinks But Some Positive Signs in Q4 2020

Tom Leahy

Tom Leahy

Senior Director, EMEA Analytics
tleahy@rcanalytics.com

Tom Leahy joined RCA in 2014. In his role as Senior Director for the EMEA region, Tom is responsible for the development and expansion of the market analytics service for RCA’s European clients.

Prior to joining RCA, Tom was an Associate Director and then Head of Research at UK-based property consultancy, Lambert Smith Hampton. He started his career as an analyst at research consultancy Property Market Analysis (PMA).