2014年全球房地产市场展望.pdfVIP

Emerging Trends ® in Real Estate The global outlook for 2014 Introduction © The Emerging Trends in Real Estate US, Europe and Asia Pacific reports are produced annually by the Urban Land Institute and PwC following interviews with the most senior property professionals. Over many years, they have become key indicators of sentiment in their respective regions. We have drawn together those regional But it is clear that investors are paying insights for this global report, highlighting greater heed than ever before to long- the most relevant investment and term demographic trends, as well as the development trends. latest advances in placemaking. A common theme across all three regions This report, therefore, reflects the outlook is the need this year for many investors for 2014 and beyond. to move up the risk curve as competition for core assets intensifies. Contents 2 6 8 Investing in the US 12 Investing in Europe 16 20 26 30 32 Sponsoring organisations Emerging Trends in Real Estate® The global outlook for 2014 1 Direct investment in real estate is “almost back at the pre-crisis level” and increasingly the impetus is attributable to sovereign wealth fund and institutional capital, much of it from Asia. This is one of the conclusions of If anything, Asian capital – especially Emerging Trends in Real Estate® Europe from China – is becoming more important