Indian real estate market is currently going through a rough patch and experts claim the ongoing down phase to continue for a while. But things are not the same in other parts of the world, especially on the commercial real estate front. According to a report from ‘Global Cities’, commercial real estate investment has seen a five-fold rise in twelve months (estimated at $320 billion) starting from June 2015-2016 compared over the same time frame in 2009.
Following market favorable factors are behind such massive cross-border investments, which are expected to continue further and pour more money in the sector.
- Volatile Currencies
- Negative Interest Rate
- Portfolio Diversification
These are top seven destinations where most investments were made in commercial real estate over the last 12 months –
1. New York
Not a shock at all, New York is better known as the world’s financial capital. Given the fact that it was taken over by London in 2015 as world’s best financial center, New York received the largest chunk of real estate investment in 12 months (June 15 -16).
Monetary investment – $26.5 billion
2. London
Called upon as the world’s favorite financial destination in 2015, London in the span of 12 months received second highest cross-border commercial real estate investment.
Monetary investment – $25 billion
3. Paris
The lovers paradise is not only famous for the iconic Eiffel tower but over the past twelve months the city has received great amount of investment in commercial real estate front.
Monetary investment – $7.4 billion
4. Sydney
The country down under has performed very well in commercial real estate, with its capital standing at number four slot globally.
Monetary investment – $ 7 billion
5. Shanghai
Being China’s biggest city and a global financial hub, Shanghai presence at number five spot is no surprise.
Monetary investment – $ 6.9 billion
6. Los Angeles
After New York, if there is any other American state that’s doing great in the commercial real estate sector than its Los Angeles. Seems like it is attracting people for reasons other than Hollywood.
Monetary investment – $6.2 billion
7. Madrid
Spain too has a share in the list with its capital Madrid scoring seventh position. Seems like its modern infrastructure and historic neighborhoods have attracted many investors.
Monetary investments – $ 5.6 billion
