US real estate investment 'strong' in Q2

A new report from professional services company Jones Lang LaSalle has shown that there was increased investment in property in the US in the second quarter of the year.

Some $101 billion (£68 billion) was spent on real estate in the country during the three-month period, a seven per cent quarter-on-quarter rise and up by 47 per cent when compared to the same period in 2010.

The company claimed that the Americas saw the biggest boost to property trading since 2007 during the three-month period as investors took advantage of the low-interest environment and credit availability.

Arthur de Haast, head of the international capital group at Jones Lang LaSalle, said: "The upswing in activity continues, with exceptional gains in North America - which was late to the recovery - driving that region to the top spot in terms of volumes."

Real estate research firm Reis recently revealed that the average asking rent in the US also saw a slight rise in the second quarter, which could be a boon to property investors.

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