In the past few years, Asian investors seeking stability have snapped up chunks of commercial real estate across the U.S. And in 2015, this flow of money from east to west should strengthen as new players from the Asia/Pacific region jump into the market, according to Emerging Trends in Real Estate-Global Outlook, a study by PwC and the Urban Land Institute based on interviews and surveys they did with more than 1,000 professionals.
Recently, much of this money came from sovereign wealth funds, pension funds and insurance companies in China and Korea. But many of those surveyed by PwC and ULI believe the U.S. and Europe will soon start to see pension fund capital from Japan make inroads. In addition, the greater amounts of Asian capital sloshing around will result in some of it flowing away from the UK and the U.S. gateway cities, and into markets like Germany and France, and U.S. cities such as Atlanta, Chicago and Houston.
The optimistic outlook on 2015 follows a good year for direct investment. According to Real Capital Analytics, global transactions involving income-producing real estate totaled $770.2 billion in 2014, up 9 percent from 2013. Land sales added another $373.3 billion to the total, a 29 percent decline from 2013 mostly attributed to a drop in Chinese land purchasing.
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Boots to Beijing is produced by Briggs Freeman Sotheby’s International Realty. For more luxury homes throughout the Metroplex, see briggsfreeman.com. Click here to see the latest in real estate news. President and CEO Robbie Briggs independently owns and operates Briggs Freeman Sotheby’s International Realty with seven offices in Dallas, Fort Worth, Uptown, Lakewood, Ranch and Land, The Ballpark and Southlake.