Mon 23 Jun 2008
2007 breaks investment records
Last year broke records for the global property investment market, but fell by almost half in 2008, according to new research.Data published by Jones Lang LaSalle shows that 2007 saw more money than ever invested in property crossing between the main regions of Europe, Asia and America. However, transaction volumes fell by 40 per cent in the first five months of this year, following the property market’s weak performance in Europe and the United States as the global credit crunch took its toll.
“The recovery of the debt market, and the form in which the debt market comes back, are key,” said David Church, senior advisor to the global investment banking division of the Bank of America of the report’s findings.
“It will not only drive values, it will dictate whether some companies go under, and will be a key factor in the establishment of new investment vehicles and the reconfiguration of other vehicles.”
Posted by Natalia Gameson
in Bank of America on Mon 23 Jun 2008
Have your say and comment on this article