Middle East sovereign wealth funds (SWFs) cut their new investments in real estate in the rest of the world by almost a third last year because of the plunge of oil prices, consultants CBRE estimated. However Qatar's $4.87 billion of outbound property purchases made it the largest source of capital from the Middle East. Saudi Arabia accounted for $2.30 billion, the United Arab Emirates $1.63 billion and Kuwait $665 million, CBRE wrote. It did not provide figures for the region's other countries.
Outbound property investment by the SWFs, the vast majority of which are from the wealthy Gulf Arab oil exporters, dropped 31 percent to $5.84 billion in 2014 from $8.45 billion in 2013, CBRE wrote in a report on Tuesday. "This reflects more cautious behaviour from natural resource-based SWFs in light of weaker oil pricing," CBRE said. "The effect might be even stronger in 2015 and in the next couple of years after." A large proportion of the investment is in Europe.
http://www.dailysabah.com/real-estate/2015/04/15/qatars-outbound-property-purchases-largest-in-the-gulf
Outbound property investment by the SWFs, the vast majority of which are from the wealthy Gulf Arab oil exporters, dropped 31 percent to $5.84 billion in 2014 from $8.45 billion in 2013, CBRE wrote in a report on Tuesday. "This reflects more cautious behaviour from natural resource-based SWFs in light of weaker oil pricing," CBRE said. "The effect might be even stronger in 2015 and in the next couple of years after." A large proportion of the investment is in Europe.
http://www.dailysabah.com/real-estate/2015/04/15/qatars-outbound-property-purchases-largest-in-the-gulf
No comments:
Post a Comment