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New York pips London in property investment

Posted on 06 October 2011

New York beat London to the top spot for global commercial real estate investment in the year to September 30, research showed, but both cities are facing rising bearishness from investors worried by the prospect of economic headwinds.
Property consultancy Cushman & Wakefield said investment volumes in New York totalled $29.7 billion (19.2 billion pounds) in the period, while in London they hit $27.2 billion. Investors have preferred the mature U.S., European and Asian cities for their defensive qualities as the global economy teeters back from recession……………………………………….Full Article: Source


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