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Property investment at record high in 2006

Article Date : Monday, June 25, 2007       Bookmark on Facebook   Bookmark on Del   Bookmark on Digg   Bookmark on Facebook   Bookmark on Reddit   Bookmark on Spurl   Bookmark on Furl   Bookmark on Yahoo   Bookmark on Magnolia   Bookmark on StumbleUpon   Bookmark on BlinkList

A new report has revealed that global property investments were valued at a collective $600 billion (£300 billion) last year.

The Money Into Property publication from property adviser DTZ showed that buyers can expect to plough even more money into property this year, with the company finding that investors are currently looking to invest an estimated $2.4 trillion in property around the world.

It also found that more buyers are investing in properties outside of their home country, with cross-border purchases accounting for about 40 per cent of all transactions.

"Whilst investment conditions will become more challenging around Europe, investment opportunities will require detailed knowledge of the different prospects affecting local markets," commented Joe Valente, head of research for DTZ.

Earlier this year, the company released a report suggesting that a third of UK commercial property purchases in 2006 were made by foreign investors.
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