Direct RE investment to drop 30% in 2008, JLL predicts

Global direct real estate investment is expected to fall over 30% in 2008 from the record level set in 2007, Jones Lang Lasalle has predicted in its latest report on global real estate capital. Investment volumes last year rose 8% to $759 bn (EUR 480 bn), but in 2008 the Americas and Europe are expect to see a material decline in full-year volumes while a more resilient Asian market is nonetheless not expected to match the volumes of 2007.

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