According to new research from global property consultant CBRE, Asian outbound commercial real estate investment volume declined 37% year-over-year to $30 billion in 2020, as Coronavirus-related obstacles including restrictions on travel and site inspections impeded purchasing activity.
Global property consultant CBRE is reporting that worldwide commercial real estate investment increased by 84% quarter-over-quarter in Q4 to $290 billion but was down by 20% from Q4 2019.
The annual rate of home price growth (worldwide) increased between Q2 and Q3 2020, from 4.1% to 4.7%, and 18 international cities saw prices rise by more than 10% year-on year, up from 16 in Q2 2020.
The top countries of origin for high-end international home buyers coming into the UK property market -- during the 2020 Coronavirus outbreak -- include the UAE, United States and Australia.
According to Knight Frank's latest Global House Price Index for Q2, 2020, Turkey leads the annual rankings with prices up 25% year-on-year.
Posted on July 01, 2020
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