• Large-ticket mergers and acquisitions enhanced strong capital flows in commercial real estate, driving 2018 to match 2015 in year-to-date transaction volumes.
  • Cross-border capital flows between North America and Europe grew significantly from last year. London topped the list of cross-border investment destinations.
  • The gap between the global all-property yield and bond yield continued to narrow, against the backdrop of robust economic growth and interest rate normalization.
  • The capital appreciation and income growth of real estate investment are expected to remain stable throughout 2018.