After years of being prohibited from buying commercial immobilization in Europe, US investors finally reach the frequently financially stressed property market of the continent, notably in the UK, Germany and France.
According to Real Capital Analytics in New York City, in the first half of this year, US investors made a strong return. copany
According to Dan Fasulo, managing director of Real Capital Analytics, Americans join European markets because "local players are struggling (with financing) or are (simply) scared of" investing.
Private equity businesses including Blackstone Group LP, Cerberus Capital Management LP, Tishman Speyer, and others searched or invested extensively in the UK, France, and Germany.
In the second quarter of the previous three months, the capital spent in commercial immeasures globally rose to $157 billion, with the sales of apartment buildings accountable for much of this.
However, the study by Real Capital Analyst indicates a global slowdown in commercial real estate investments, which was 23 percent lower than a year earlier.
Meanwhile, venture finance has flowed to the United States from Mideast Gulf nations, Japan, Korea, the Netherlands, China, and Israel.
In the first half of the year, global commercial real-estate sales fell 23 percent to $306.3 billion. This is around $100 billion less than either the first or the second half of 2011, according to the research.
In the first half of 2012, only apartments in the major commercial real estate categories had an increase of 22 percent over the same time in 2011.
According to RCA, four of the top five investment locations by demand and real estate were the office areas where the investment fell from the previous year.
In the first half of the year the London-based office market was the top investment target, with $9.51 billion spent, 5 per cent less than in the previous year.
The Tokyo office market placed second at $6.22 billion, down 19 percent. The New York metro area office market was third with revenues of $5.85 billion, down 21 percent. The Paris office market was rated 4th with revenues of $5.19 trillion, down 7%.
However, in the first half of the year, the New York subway market received $4.29 billion in investment, a 75 percent increase.
According to the report, low initial income on high-quality buildings pushed some purchasers to construct less than the prize from big cities or into other forms. Investment in retail complexes or shopping centres, particularly in Tokyo and Paris, has resurged.
The top 50 target markets includes a range of secondary US areas, such as the apartment markets Dallas and Phoenix, Denver and Seattle and Chicago. Property kinds, on the other hand, did not in Moscow, Rome and Warsaw.