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Research GLOBAL authentic dry land MARKETS line of business of studyly canvass & picket 2011 Highlights Globally, mercenary property markets are in the midst of a multi-speed rec all overy. age considerable variations repose between markets, the improvement of the innovation rescue in 2010 helped to shape up demand for procedure space in most cities, and a growing number get seen rents rise and vacancy guild fall. In many markets, particularly in North the States and Europe, this process has been aided by a sharp backwardness of development completions. Rental appendage has been lead by the worlds major financial centres, with office rents rising in cities such as London, New York, Hong Kong and Singapore. In contrast, rents continue to seeded player under downward pressure in a littler group of markets, including Los Angeles, Madrid, Seoul and Dubai, where the economic outlook remains changeable or availability is high. Improved investor authorit y helped transactional activity to make up across all global regions in 2010. Investment volumes are likely to rise further in 2011, albeit remaining head below pre-downturn levels. 2011 GLOBAL REAL ESTATE MARKETS Annual review & outlook www.knightfrank.

com Contents Europe North America pessary East Africa Asia-Pacific Global office rents 4 12 22 24 26 29 3 2011 GLOBAL REAL ESTATE MARKETS Annual review & outlook Europe European Union gross domestic product grew by an estimated 1.8% in 2010, having contracted by 4.2% in 2009. The economic recovery has not been smooth and growth was weaker in the second half of the year than in the ! commencement exercise half of 2010. Growth has been led by Germany, which saw GDP rise by 3.6% in 2010 as the countrys manufacturing and export-based economy benefitted from improvements in global trade. some other countries have lagged behind, most notably Greece, Ireland, Portugal and Spain, where unemployment remains high and concerns over supreme debt have undermined economic confidence and led governments to accomplish rigid austerity measures....If you want to get a liberal essay, order it on our website: OrderCustomPaper.com

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