The total value of the world’s property markets hit a record high of $13.6tn in 2014, up 4 per cent year on year, as investors poured cash into real estate assets around the world.
Buyers spent $771bn on real estate deals in 2014, just short of the previous record set before the global financial crisis, according to research by property advisers DTZ.
Cash-rich investors seeking returns in the ultra-low interest rate environment were the main drivers of the boom. The volume of equity being invested increased by 8 per cent in 2014, DTZ found.
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