PREI®: Global Real Estate Outlook

U.S. quarterly (July 2010):
The near-term path for the commercial real estate market is clouded amid concerns that nascent economic growth in the U.S. may be stalled, but prospects for the sector remain bullish over the longer term. There is an accelerating inflow of capital coming from investors that are attracted by the sector’s improved outlook, signs that prices have bottomed and the foreclosure crisis will not be as widespread as feared, and prospects for more-attractive returns compared to other investment options. (more)     

Latin America quarterly (July 2010): Latin American economies rebounded in the first half following their poor 2009 performance. Although transaction activity remains anemic, improved confidence and recovering demand is evident in the property markets. Demand for space is growing in segments such as Mexico’s industrial market and Brazil’s retail market.  (more)     

European quarterly (July 2010): As the economic recovery gains ground, prospects for Europe's real estate markets are improving. Investment activity continues to grow, with retail sector transactions dominating deal flows. Despite wider pressures on the banking system, debt markets are showing signs of life and risk appetite is gradually returning. However, economic forecasts remain downbeat and the rebound in prime capital values halted in the second quarter, consistent with the idea of a bumpy recovery. (more)     

Asian quarterly (July 2010): Brisk exports and growing domestic consumption spurred Asia’s economy in the second quarter. Labor markets in the region saw continued improvement, helping to increase demand for commercial real estate space. Rents of class-A office space in the region appear to have bottomed, while robust tenant demand has created a favorable environment for owners of retail properties. (more)     

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