Global property investment volumes have dropped for the first time in seven years as investors moved away from growing international risks, according to Cushman & Wakefield.
The property adviser reports that around $919.7bn (£742.7bn) was invested in property globally in the year to the end of June, excluding development land - down 5.7% compared with a year earlier, due to growing concerns about the potential impact of the UK’s decision leave the EU and market instability in China.
The more cautious approach to investing in property reverses years of increasing investment levels, with the decline in investment volumes spread across regions and sectors, but the question is whether this is a temporary pause or has the market peaked?”
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