|Jones Lang LaSalle preliminary numbers show U.S. fiscal cliff tax concerns and pent-up demand lifted 4Q volumes to end the year ahead of 2011. Preliminary global volumes beat forecasts to end 2012 at $436 billion, a slight increase over 2011's $435 billion and a 36 percent increase over 2010. Global 4Q 2012 totals $141 billion compared to $100 billion for 3Q and $119 billion for 4Q 2011.
Direct real estate ownership is showing its attractiveness in a low-yield, high-liquidity world with below trend economic growth prospects for 2013. The "fiscal cliff" and pent-up demand pushes U.S. volumes 51 percent higher quarter on quarter as vendors fret over capital gains tax increases and the need to allocate capital, 34 percent up on 4Q 2011 and 11 percent higher year on year. Canada and Mexico also have a stronger year in 2012 than in 2011, showing growth is across the Americas. (Press Release)