EMEA Real Estate Transactions Expected to Reach 40% for 2010

December 20, 2010 / Elizabeth Buckley, Commercial Property Analyst

A new study form Jones Lang LaSalle shows that direct commercial real estate investments and real estate transactions in Europe, Middle East and Africa (EMEA) region is expected to reach $132 billion or 100 billion euros in 2010, which is up about 40 percent compared to the figures recorded in 2009.

EMEA Real Estate Transactions Expected to Reach 40% for 2010

Real estate transactions during the first 3 quarters this year was already substantial and ahead of last year’s figures, and according to the study, a strong and stable fourth quarter real estate transactions is expected.

According to Jones Lang LaSalle, the fourth quarter is usually the most stable all year. The firm estimates real estate transactions in Europe will reach about 31 billion euros or about 40+ billion dollars.

According to Richard Bloxam, a director from Jones Lang LaSalle said that 30 percent of real estate transactions are from retail properties in 2010, which is said to form a significant value in investment portfolios.

Bloxam also said that the firm is expecting the retail real estate sector to continue aiming for international investors in 2011. He also said that real estate investment market’s recovery is delayed by debt and regulation.

He also said that considerable part equity capitals will be targeting real estate across the world, which is important to stabilize the real estate market.

EMEA Capital Markets director at Jones Lang LaSalle, Chris Staveley said that European investors are positive, and are targeting major commercial properties for sale across the European regions, but shortage of prime properties has been limiting investment volumes and real estate transactions.

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