"With commercial property yields relatively low, real estate investors are asking, 'Is the party over?'" says Timothy Bellman, global head of research at ING Real Estate, in a statement. "Our answer is 'no' but there will be significant variations in performance by sector and by region. The global movement of capital is changing the nature of investment opportunities."

Specifically continental Europe will see market improvements. The report cites Europe's recovering economy, healthy market fundamentals and the possibility of a significant yield re-rating in the years ahead as indicators of the good months ahead. For example, England is slated to see moderate performance in both the industrial and the retail sectors; with the office and residential markets showing more growth potential.

"Because of increased transparency, liquidity and strong performance in recent years, real estate has emerged as a widely accepted asset class and, as a consequence, investors have increased their exposure to real estate," says Maarten van der Spek, managing director of European research and strategy continental Europe. "With fundamentals generally healthy and improving, earnings growth should also continue to support steady income returns and we expect the strong capital inflow to continue."