Property investors will need to 'get in early'
Investors in commercial and off-plan property will have to act quickly if they are to take advantage of the best property deals in 2010, it has been claimed.
According to DTZ Research, the popularity of property investments in both emerging and established markets could cause property shortages.
The firm claimed that for every pound of property available in some markets, two pounds worth of investment will be chasing it.
Speaking to the Wall Street Journal, Nigel Almond, associate director of real-estate strategy at DTZ Research, said: "In some markets, there will be a shortage of properties, particularly prime properties in Europe, Germany, the UK and Asia, including Australia."
He claimed that 50% of property funds will be targeting Europe in 2010, leaving the Asia-Pacific and Americas lagging behind with 27 and 23% of total investment respectively.
Recently, research conducted by the Royal Institution of Chartered Surveyors showed that house prices in the UK were being buoyed by a property shortage.
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