World Economy

Property Investment to Grow

Property Investment to GrowProperty Investment to Grow

Investors around the world have expressed positive sentiments towards real estate in 2016, despite an increasingly challenging environment, a survey conducted by Colliers International Group Inc showed, AsiaFirst reported. In its Global Investor Outlook for 2016, Colliers said the majority of more than 600 investors polled in the Americas, Europe, Middle East and Africa, and Asia-Pacific regions think direct real estate investment will continue to grow next year. About 54% of the respondents were particularly bullish about the Americas, specifically the US, expecting an increase in real estate investment volumes. About 40% of the investors, however, expect real estate investment volumes in the Asia-Pacific region to decline, while 50% said volumes in the region can still go up. The report added that more than half of the respondents with multi-asset portfolios are keen on increasing their real estate allocations in the next 12 months into 2016. Global gateway cities like London, Paris, New York, San Francisco, Tokyo and Sydney remain the top targets for investors in the next 12 months, the Colliers report said.