Commercial mortgage holders 'investing in most popular country for speculators'
14 September 2010
Written by David Whittaker
Commercial mortgage holders in the UK have stakes in the most popular country for cross-border real estate investment, it has been revealed.
According to a new study by Jones Lang LaSalle, $7 billion (£4.54 billion) has been ploughed into British business property in 2010 so far.
This activity is part of a wider rise in commercial real estate speculation across the world, with $132 billion of transactions taking place in the first six months of the year compared to $76 billion during the same period in 2009 - a growth of 74 per cent.
Arthur de Haast, head of the international capital group at the firm, believes 2010 will continue to see an improved market.
"Full-year volumes will be between $275 billion-$300 billion, significantly ahead of 2009 ($209 billion), with cross-border investors continuing to be very active," he said.
Writing for the Independent, Simon Read recently noted speculators were returning to commercial property following a year of growth in the sector.
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