Investment activity is spreading to an increased number of global markets, according to the results of Cushman & Wakefieldâs âWinning Growth Citiesâ report, launched at Expo Real in Munich. The study found that New York was the biggest recipient of real estate investment with volume rising in 2013 to $55.4bn, or 7 percent of the global total of $788bn (a rise of 17.2 percent). However, London made up ground as volume there rose 40.5 percent to $47.3bn and took first place in terms of total global investment. With $35.5bn, Tokyo reclaimed its spot in third position from Los Angeles $33.1bn, while San Francisco completes the top five ranked cities with $23.8bn invested.
Cushman & Wakefieldâs International CEO, Carlo Barel di SantâAlbano, said: âCompetition, growth and change will bring forth more new global winners. While gateway cities remain a primary focus for investors, interest in a broader spread of locations is increasingly apparent due to improved confidence and finance availability as well as a lack of supply in core cities. Risk appetites have expanded in the US and buyers in Europe and Asia are following suit, particularly where local partners can be found.
âLooking forward to 2015, the global economy is anticipated to be firmer but still vulnerable, with trends divergent country-by-country. One of the most notable drivers for this will be the polarisation in monetary policy, which will be tightening in some areas but remaining loose elsewhere.â
