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Global property investment soars

Investment in commercial property rose across 70 per cent of the globe in the final three months of 2009, research has shown.

A survey by the Royal Institution of Chartered Surveyors today showed Brazil and China were leading the recovery.

The net balance of surveyors reporting a rise in transactions in Brazil rose from 29 per cent to 61 per cent, while the net balance in China edged up from 58 per cent from 47 per cent.

RICS chief economist Simon Rubinsohn said: “The latest Global Commercial Property Survey demonstrates in the clearest possible terms that it is emerging real estate markets where sentiment has turned around most significantly.

“Crucially, the improvement in investor appetite is being accompanied by a firmer tone to the rental market. This is key to ensuring that the recovery proves sustainable.

“The strength of the results contained in the survey for Latin America and Asia are a reflection of the unfolding economic recovery, with many of the more developed markets likely to be hampered by the challenges resulting from the ballooning of public sector debt and need of the authorities to gradually exit from emergency monetary conditions.”