August 3, 2020
Due largely to measures enacted to combat COVID-19, second-quarter global investment volume fell by 57% year-over-year to $109 billion, says CBRE in a report from a team led by global chief economist Richard Barkham. It represented the lowest quarterly total since 2010.
The Americas region was hit hardest, with a 70% Y-O-Y decline. This was due mainly to fewer large portfolio transactions and no entity-level deals. EMEA and APAC had 38% and 46% declines in total volume, respectively.
The strength of Q1 led to a relatively moderate 21% decrease in H1 2020 investment volume. Q2 may have marked the low point as countries reopen their economies and business activity resumes. Investors are looking for a gradual recovery beginning in H2 2020.
CBRE’s full-year global investment forecast has been adjusted down slightly to -38% from -32%, due to the resurgence of COVID-19 cases in the Americas, which could delay economic recovery.
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