Cross-border property investment is set to rise and should ride out economic downturns as investments turn defensive, according to new research.
Global real estate services company, DTZ surveyed international investors from Europe, North America and Asia Pacific - with a combined real estate value of EUR250bn.
Foreign real estate assets amounting to just under 20% of total real estate portfolios were held by 70% of respondents, according to the study. Over the next two years, 43% plan to increase their foreign holdings, a figure that increases to 60% when considering a three to five year horizon, added DTZ.
Peter Collins, managing director of DTZ EuroInvest, believes the survey confirms the positive outlook for real estate investment:
“Investor appetite for real estate remains very strong, especially in Europe, and it is encouraging to see that the survey suggests that this interest is likely to grow.”
He added that direct cross-border investment growth is expected to peak at EUR30bn this year - a rise of EUR4bn on 2000.
By Madhu Kalia
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