China attracted the largest investments in real estates in 2009, according to Cushman & Wakefield’s ranking

Investments in real estate in China increased more than 2-fold during the crisis year of 2009, in comparison with 2008, revealed a rating of the Cushman & Wakefield consulting company. Last year, the investments in real estates in the country amounted to $136.19 bn, while in 2008 these stood merely at $64.4 bn. 
 
China topped the ranking of the consulting company, and the Chinese authorities decided to tighten the monetary policy because of the large investments in real estates. New requirements were imposed on commercial banks, in order to limit lending. Great Britain reached second position although the reported decline of 6.3% to $38.8 bn. In 2008, the same figure stood at $41.38 bn. The United States ranked third with $38.3 bn in investment, which was well below the $106 bn recorded in 2008. The decrease of 64% could be explained by the collapse of the housing market in the country. However, experts are optimistic about 2010, when an increase of at least 50% is expected. 

The largest Asian economy - Japan - ranked fourth with $18.99 bn of investments, recording a decline of almost 50% from the previous year. Germany also reported lower investment interest. Capitals in real estate there reached merely $13.9 bn, compared to $28.8 bn in 2008. A significant decrease was recorded in France, where the drop is by 44%. The ranking showed that the same trend could be observed in all European countries.

Text and photo: www.klassa.bg

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