第一太平戴维斯（Savills）：2025全球房地产资本市场年度回顾报告（英文版）（31页）.pdf

1、 Savills Takes Stock:Annual review of global real estate capital markets 2025After a chastening few years,the tide is turning.The cyclical factors weighing on property values and investment activity are beginning to unwind and the nascent recovery in real estate capital markets should gather momentu

2、m in the coming year.In some markets,2025 will represent a vintage year and the buying opportunity this cycle.This report,based on a series of in-depth interviews with key stakeholders across the global Savills business,as well as data and analysis from the wider research network,outlines the outloo

3、k for global capital markets in 2025.We hope you enjoy reading it.Savills Takes Stock:Annual review of global real estate capital markets 2025Oliver SalmonDirector,World ResearchGlobal Capital Markets+44(0)20 7535 Rasheed HassanHead of Global Cross Border InvestmentGlobal Capital Markets+44(0)20 740

4、9 ContentsSavills Takes Stock:Annual review of global real estate capital markets 20253Global 04-06Asia Pacific 07-14EMEA 15-25North America 26-30GlobalAfter treading water for much of the year,real estate capital markets ended 2024 on a bright note.Overall liquidity remains well down on past levels

5、,but turnover in the final quarter rose by more than 25%,providing good momentum entering the new year.As a result,total global investment of US$828bn represented a near 8%increase in comparison with 2023.The recovery is broad-based,extending beyond a particular market or region and not concentrated

6、 in one sector.Beds and sheds are leading the recovery from a sectoral perspective,with the living,industrial&logistics and hotel sectors all registering double-digit growth in turnover.But the stabilisation in the office sector was perhaps the story of 2024,with investment rising by 7%.Most major m