Colliers International 2014 Global Predictions Report Now Available

Key takeaways from Colliers’ 25 Predictions for 2014 report include:

  • European      Economy Overcomes Recession, Strengthens Investment: With      the debt crisis in Europe dwindling, strong demand will drive recovery in      the U.K., Italy, Germany and Spain. As a result, confidence among U.K.      investors will rise in 2014, driving the GDP up by as much as 2.5 percent.     
  • Infrastructure      Improvements and Urbanization in the Middle East:      Middle Eastern economies will continue to see growth beyond the oil      industry. Colliers predicts significant spending among Gulf Cooperation      Council member countries, as well as infrastructure improvements as      urbanization continues throughout the region.
  • Office      Market Grows in Asia’s Main Financial Centers: Rents      have stabilized in Asia’s office sector, with growth predicted to be at      about five percent in 2014 in the five main financial centers: Hong Kong,      Shanghai, Singapore, Seoul and Tokyo. Chinese investors will look overseas      as they seek investment opportunities in gateway cities, such as London,      New York and Sydney.
  • Indian      Government Regulations to Bring Transparency: New      government policies will bring transparency to real estate regulations in      India, potentially changing the sector dramatically in 2014. The office      sector will also see growth in demand and rents rising 10 to 16 percent in      the next year.
  • Development      Activity Rises in New Zealand, Domestic Investment Grows in Australia: In      New Zealand, development growth will include office space and shopping      malls, both to accommodate limited space in core markets, and counteract      earthquake concerns among aging properties. In Australia, a market that      was once saturated by foreign investors, domestic investors have regained      the majority stake, accounting for more than 70 percent of sales.

Interest Rates and Home Prices Rise, but U.S. Will See Sluggish GDP Growth: Investors around the world are awaiting news from the U.S. Federal Reserve on the tapering of interest rates. While the move has global implications, the U.S. will continue to see slow economic growth, with the GDP averaging about two percent. The housing market also will continue to recover, with home prices rising up to nine percent. The industrial sector will be the top-performer in the real estate industry, with manufacturers making plans to adjust supply chains when the Panama Canal Expansion is complete next year.       

View the entire report here:

About Ernie Saltmarsh

Ernie works for Colliers International in the Northeast Florida Investment Services Group. The team includes Robert Selton, Scott Rogers, Ernie Saltmarsh and Adrienne Miller. Ernie works with buyers who are looking to invest in commercial real estate and sellers who are looking to dispose of investment assets. Ernie's background in research, marketing and finance provide the vital skills necessary to serve his clients.

Posted on January 8, 2014, in General CRE News/Reports, Market Reports/Statistics and tagged , , , . Bookmark the permalink. Leave a comment.

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