The growth of the global commercial real estate market will continue in 2014

Authoritative consultancy Jones Lang LaSalle has recently published a report on the global commercial real estate market volumes for 2013 with a forecast of expected performance in 2014, according to Propertywire.com . According to the analysis of Jones Lang LaSalle, the market volume in 2013 increased by 18% and amounted to about 549 million. Dollars, while in 2014 is expected to increase by at least 14%. Company experts have noted that the indicators of commercial real estate market in the last quarter of 2013 reached its highest level since 2007. Sufficiently high activity of the end of 2012 suddenly continued in the next twelve months, with an increase of 13% in the last quarter compared to the same period in the previous year. In the Asia-Pacific market volume has returned to its peak in 2007, reaching 124 billion. Dollars. Indicators of North and South America in the amount increased by 17%, reaching 240 billion. Dollars. The total volume of the European market increased by 14%, reaching 184 billion. The highest results showed the UK and Germany with an increase of 19% and 17%, respectively. It is expected that the global commercial real estate market growth in 2014 will amount to 14% and its volume will reach 625 bn. Dollars. In Europe, according to JLL, the market will grow by 10% in 2014, with steady growth expected particularly in the first quarter due to the high international activity and investor confidence. In the Asia-Pacific region is expected to maintain the position in 2013, with the confidence and the growth of domestic demand by 10%. Optimism JLL forecasts, experts link, firstly, to the fact that investors have increasingly invested in the property, it is possible, as opposed to more liquid assets, and secondly, due to the fact that investors are more likely to go beyond the domestic market to increase profits. These are the main trends in the world in 2014, according to Green-Morgan, director of global market research at JLL. HomesOverseas.ru