The report further reveals that investors spent approximately $99 billion on real estate in countries other than their own last year, a 21 percent increase from 2003.
Analysts note that the globalization of property investment is on the rise at a time when real estate markets are brimming with cheap capital, more and more countries have increased transparency, and investors are on the hunt to diversify the geographic concentration of their portfolios.
A lot of the funds are coming from the United States.
China is drawing significant interest from companies such as LaSalle Partners. Central European countries are also becoming increasingly attractive to outside investors, especially as the governments in that region have reduced taxes and clarified laws.
