Global real estate consultant JLL is reporting this week that despite rising global uncertainty impacting Q4 investment, 2018 was the best year since 2007 for global commercial real estate markets, with volumes hitting $733 billion.
Regional performance throughout the year was led by the Americas where outperformance was driven by the U.S. APAC bounced back from a relatively slow third quarter to hit a new all-time full-year high, while EMEA saw investment sales activity drop, despite growth in some core markets.
Even though yields remain at record lows in many global markets, occupier fundamentals are strong with rents set to grow into 2019.
JLL further reports that this year will see more indirect investment, entity-level transactions, recapitalizations and debt. Although, a more cautious trading environment will impact investment activity by 5% to 10%, with full-year 2019 volumes set to be around $680 billion.
A total of 161,875 U.S. properties with a foreclosure filing during the first quarter of 2019, down 23 percent from the previous quarter and down 15 percent from a year ago to the lowest level since Q1 2008.
According to the Mortgage Bankers Association's latest Commercial and Multifamily Mortgage Debt Outstanding quarterly report for 2018, the level of commercial and multifamily mortgage debt outstanding in the U.S. at the end of 2018 was $216 billion (6.8 percent) higher than at the end of 2017.
According to the latest National Association of Home Builders/Wells Fargo Housing Market Index, U.S. builder confidence in the market for newly-built single-family homes held steady at 62 in March 2019.
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