JLL Appoints Ben Breslau as Chief Research Officer prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
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.
Despite improved sentiment, the ongoing wave of lockdowns and economic conditions pose risks to the global real estate recovery. Global real estate investment volumes fell by 28 per cent from a record amount of capital markets activity in 2019.
Global real estate investment volumes declined by 28% year-on-year from a record amount of capital markets activity in 2019, according to real estate ex