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Real estate advisory firm DTZ has recommended the Gulf property market as a strong proposition for investors seeking to escape a global fall in property investment transactions. The recommendation follows the publication of DTZ’s annual ‘Money into Property’ report, which looks at global property trends. It revealed that the value of the real estate capital market reached $12 trillion last year, up 18 per cent on the previous year.
Global investment transactions also grew to $730 billion last year but, following the sea-change in the global investment environment over the course of 2007, DTZ expects a fall of 30 per cent this year to about $500 billion. Global direct real estate transactions were down some 50 per cent in the first quarter of this year, compared to the same period last year. “Few regions will escape the effects of the sub-prime fallout,” said Robin Williamson, managing director of DTZ Middle East, who believes the crisis still has some way to go. “However, we predict that the Gulf region will, to a greater extent, be significantly less affected, along with certain other markets in the Asia-Pacific region. Based both on our research and our [experience] across the Gulf markets, we have seen strong indications that the regional property markets are much less likely to succumb to these global trends.”
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