Colliers – Global Capital Flows, Sep 2024

Global investment volumes have been lower in Q2 2024 compared to the same period in 2023, with a decrease of 18% for all asset types. The North America and EMEA regions have seen stability in activity, with volumes in line with or slightly above those of 2023. In APAC, transaction volumes have decreased throughout 2024, particularly in land/development site transactions, with a significant drop in sales in China. Overall, the market is stabilizing, with greater certainty around rates and pricing, and expectations that capital values have bottomed-out. The charts below illustrate the regional differences, with North America and EMEA showing similar trends of stability, while APAC has experienced a decline in transaction volumes. Despite a summer lull in activity, overall volumes in EMEA are only 5% below 2023 levels, reflecting stability in the regional market.