More than half the world’s property investors plan to make more acquisitions in 2015, according to a new survey.
CBRE’s Global Investor Intentions Survey 2015 revealed that 53 per cent of investors plan to increase their purchases this year.
Investor appetite for cross-regional acquisitions has increased significantly, with 38 per cent of respondents intending to invest outside their own region – up from 28 per cent in 2014.
Of the investors surveyed, 31 per cent identified western Europe as their top destination, while 27 per cent chose Asia.
London retained its position as the top city for investment, followed by Tokyo and San Francisco, while Sydney finished ahead of New York in fourth position.
Josh Cullen, CBRE’s national director of capital markets, attributed Sydney’s high ranking to the continued demand for Australian investment opportunities.
“This ranking is no surprise, with Australia offering some of the highest returns on a global basis across all our core sectors, with returns on secondary assets being even more attractive,” Mr Cullen said.
“We are starting to see positive signs in the office sector in Australian CBD markets, which will underpin growth expectations.”