Global Investment Intentions Survey

The DTZ researchers polled investors collectively controlling portfolios valued at around €4.1 trillion ($4.8 trillion) including €711 billion ($840 billion) of real estate and found that over three-quarters already invest in foreign markets. And half of respondents plan to increase their level of foreign real estate assets over the next five years.

In terms of the most popular real estate investment locations the US remains the top country for foreign investment in the Americas, with the UK being the most preferred location in Europe and Japan in Asia Pacific. A surge in investment in Eastern Europe is predicted following the entry of 10 European countries into the European Union in 2004. DTZ Research estimates that EU enlargement will increase the EU's total real estate stock by 9% from €6.6 trillion ($7.8 trillion) to €7.2 trillion ($8.5 trillion), which has significant implications for real estate investment.

The survey found the majority of investors believe accession of these countries into the EU will encourage investment by fostering economic and political stability while reducing currency risks. Poland, the Czech Republic and Hungary were identified as prime targets for investor interest.