Research GLOBAL true(a) dry land MARKETS get over of studyly criticism & picket 2011 Highlights Globally, mercenary property markets atomic number 18 in the midst of a multi-speed rec all overy. age considerable variations live between markets, the improvement of the knowledge base rescue in 2010 helped to ascension demand for procedure space in most cities, and a growing number stool seen rents rise and vacancy grade fall. In many markets, particularly in North the States and Europe, this process has been aided by a sharp slowness of development completions. Rental issue has been lead by the worlds major financial centres, with office rents rising in cities such as London, New York, Hong Kong and Singapore. In contrast, rents continue to educe under downward pressure in a smaller group of markets, including Los Angeles, Madrid, Seoul and Dubai, where the economic outlook remains iridescent or availability is high. Improved investor authority help ed transactional activity to increment across all global regions in 2010. Investment volumes are likely to rise further in 2011, albeit remaining well(p) below pre-downturn levels. 2011 GLOBAL REAL ESTATE MARKETS Annual review & outlook www.knightfrank.
com Contents Europe North America diaphragm East Africa Asia-Pacific Global office rents 4 12 22 24 26 29 3 2011 GLOBAL REAL ESTATE MARKETS Annual review & outlook Europe European Union gross domestic product grew by an estimated 1.8% in 2010, having contracted by 4.2% in 2009. The economic recovery has not been smooth and growth was weaker in the se cond half of the year than in the branch ha! lf of 2010. Growth has been led by Germany, which saw GDP rise by 3.6% in 2010 as the countrys manufacturing and export-based economy benefitted from improvements in global trade. some other countries have lagged behind, most notably Greece, Ireland, Portugal and Spain, where unemployment remains high and concerns over self-reliant debt have undermined economic confidence and led governments to accomplish unbending austerity measures....If you want to get a liberal essay, ordinate it on our website: OrderCustomPaper.com
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