Cushman & Wakefield predicts a strong bounce back for the global commercial property market.
The value of global commercial real estate deals is set to rebound by 30 per cent to the tune of $478 billion (£318 billion) this year, a new report has predicted, which may be good news for those taking out
commercial property finance.
Surging investments in China and a revival in the US market will lead the rise, Cushman & Wakefield has forecast, with the US expected to post the biggest percentage sales rise in sales.
David Hutchings, head of research at Cushman & Wakefield, said that demand for prime
property investment is running ahead of supply and the recovery is now backed by local and international players.
"While challenges clearly remain and a double-dip can not be ruled out, a higher risk appetite among financiers and investors will continue to fire the market," he predicted.
Last month, the firm stated that annual investment in UK regional offices and industrial space jumped by 19 per cent in 2009 to a total of £4.8 billion.