For the second year in a row, China leads the world in real estate transactions. According to Capital Analytics Inc. China invested $197 Billion dollars, which represented 34% of the worldwide investments of $582 Billion. China invested 23% more in 2010 when compared to 2009. However, Larger down-payment requirements and efforts to clamp down on property speculation slowed transactions in China in the second and third quarters of 2010. Increased sales of offices, malls, warehouses, hotels, condominiums and land lifted the value of global deals to the highest since 2007’s record of $1.23 trillion. The biggest driver was the U.S., where higher prices and a pickup in investor demand helped transactions more than double to $112.5 billion.
Approximately 95% of the Chinese investments were in land deals. The largest was the purchase of a site in Nanjing for $1.78 billion. Among the biggest U.S. transactions was the $1.36 billion purchase of 111 Eighth Ave. in Manhattan by Google Inc.
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