Middle East investors trigger an overseas property buying spree

stock-marketAccording to a Jones Lang LaSalle report, Middle Eastern investors contributed to triggering a 40 per cent increase in commercial property transactions in the last year in Europe, Middle East and Africa (EMEA).

According to an analysis released by the property consultant, total investment across EMEA will probably climb to €100 billion this year, led by activity in the Nordic countries and in Germany. Cross-border investment, a major indicator of international interest, accounted for 50 per cent of transactions, fueled partially by Middle East equity buyers purchasing European “trophy assets.”