Global CRE investment has hit pre-pandemic levels, as record amounts of dry powder that sat on the sidelines during the peak of the COVID-19 pandemic began deploying worldwide.
About $247 billion was invested in global real estate during Q2 2021, more than twice the amount invested a year ago, according to a new report from JLL. Investment activity is now on par with 2019 levels, thanks largely to robust pipelines and expanding vaccine access in the US, Germany, UK, and China.
"Rather than structural issues in financial markets, the economic downturn has been due to public health, and that's meant liquidity can rebuild quickly," says Sean Coghlan, global director of capital markets research and strategy at JLL. "With ample dry powder in the market, there's a desire among investors to expand and diversify portfolios."
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