Market analysts, developers, tenants, and gurus from the Latin American real estate sector will share the latest trends and challenges at the Commercial Real Estate Trends (CRET) 2022 mega-event, which will be held in person in the Costa Rican capital.

Global real estate investment hits a new record Investors point to confidence in the economy as the determining factor for year-to-date volumes to exceed pre-pandemic levels. Global real estate investment has surpassed pre-pandemic levels as economic conditions stabilized and investors refocused, albeit unevenly and geographically. With $757 billion invested during the first three quarters of this year, global real estate investment is now at its highest point in the all-time series, according to JLL. The total was four percent higher than the previous record set in 2019. “Globally, real estate capital markets are recovering rapidly,” said Sean Coghlan, Global Head of Research for Capital Markets at JLL. “Liquidity is expanding to markets that had been left behind.” Last year, real estate investment declined considerably, as operational challenges and caution about the broader economy pushed investors to hold back on their decisions. But a rebound in confidence earlier this year helped fuel a recovery, which continued to accelerate in the third quarter and towards the end of this year. During the third quarter, a total of 292,000 million dollars were invested in the global real estate sector, 77% more than in the third quarter of 2020, according to the JLL Global Real Estate Perspectives report. “Vaccination rates and less government use of lockdowns, coupled with increased competition for assets in many sectors, have maintained the investment momentum we started seeing earlier in the year,” says Coghlan. geographical differences The recovery, however, remains uneven. The strongest investment activity was in the Americas region, which saw volumes soar 80% year-to-date. “The investment landscape is mixed,” says Coghlan. “Some regions are recovering faster than others.” European real estate activity was helped by strong transaction activity in the UK, with volumes up 97% year-to-date. Capital market activity has been more subdued in Asia-Pacific, particularly in Japan and South Korea, which experienced greater resilience in the early phases of the pandemic. During the height of the pandemic, one area that saw a sharp decline was cross-border investment. This was largely due to the drop in international travel, which made it difficult to sign deals. Still, following the return of international travel, it too is improving, rising 46% year-on-year (to $68 billion) during the third quarter. Notably, this figure is still significantly higher than in the quarters following the global financial crisis.