Think CRE Prices are Plunging Globally? … Think Again
Do you think commercial real estate prices are plunging globally? Think again.
From reports: “Between lockdowns & travel restrictions, the COVID-19 pandemic contributed to the precipitous fall of global commercial real estate investments in the 1st half of 2020. The final tally was US$321 billion in the first 6 months of the year, a 29% drop. But there were outliers: Deal volume in Japan increased 7% to US$24 billion, & Germany saw only a 1% decrease. Additionally, South Korea outperformed its long-term, first-half average in spite of a 15% decline. How did they do it?
According to a new report from JLL, these countries were able to make the most of real estate transparency, government stimulus & domestic capital.
A lack of real estate transparency can undermine investor confidence, says Sean Coghlan, head of global capital markets research for JLL. That confidence is particularly vulnerable during a time of travel limitations when conducting due diligence is hampered. “In the current environment, transparency has become a mitigating factor for investment decisions.”
Inveniam software delivers on the promise of greater data transparency. The ability to know precisely how your particular building performs is vital to differentiate the wheat from the chaff. #VerifiedByInveniam
