7
CAPITAL IS PRIMARILY LOCAL The Global Picture
This year’s survey once again highlighted a preference for local investment. Three quarters of global investors invested only in their macro-region in the last 12 months, and 74% will continue to do so in the next 12 months. This is consistent with last year’s survey, which found that only 10% looked beyond their home region for opportunities.
The number of truly globally active investors remains modest; only 14% will invest more than 50% of their total real estate allocations outside their home region. However, figures from Real Capital Analytics (RCA) show that the total percentage of cross-border investment as a proportion of global investment has generally ranged between 17% and 19%, although it did peak in 2007 at 31%. So far in 2014, it is 22% of total global investment. Of the largest sources of global capital, Asian investors (46%) are exhibiting a stronger bias towards investing outside their region, while Australian and New Zealand investors are more inward facing, with only 15% looking to invest outside Asia Pacific in the next 12 months.
Global gateway cities continue to be favored with London and New York featured in the top 10 of most global investors Brian Ward, President, Capital Markets & Investment Services || Americas
2015 GLOBAL INVESTMENT SENTIMENT REPORT COLLIERS INTERNATIONAL
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