Global real estate transaction volumes down 13pc in Q1
LONDON, 5 hours, 46 minutes
ago
Global real estate transaction volumes recorded a 13 per cent decline year-on-year during the first three months of the year, according to leading property expert JLL.
The Q1 deal volumes totalled $187 billion, representing a resilient but uneven stage within the broader investment recovery, stated JLL in its Global Real Estate Perspective.
The first quarter volumes were bolstered by stronger performance in more mature and liquid markets, including the US UK, France and Japan.
According to JLL, throughout the first quarter, appetite for higher-quality core and core-plus product persisted. In tandem, demand increased for opportunistic plays in competitive segments of the market.