We are pleased to release Colliers International's 2015 Global Investor Sentiment Survey. Our annual in-depth survey reveals responses from more than 620 experts in the United States, Canada, Latin America, Australia and New Zealand, Europe, Asia and the Middle East, to gauge global investors' priorities for 2015.
The 2015 survey confirmed many of the trends we have seen recently -- capital is moving around the globe at a pace not previously witnessed as investors seek yield, while diversifying to manage risk.
The study also revealed that in the U.S., market momentum is expected to continue, with 83 percent of the investors surveyed expecting a further rise in investment volumes in 2015. This is reinforced by a recovery in some of the housing markets -- such as Phoenix, Las Vegas and many metropolitan areas in Florida -- that were hard hit during the recession.
Some additional key findings for the U.S. include:
- Overall sentiment regarding investment conditions remains positive as well, with 80 percent of U.S. survey respondents anticipating that conditions will either improve or remain the same during the next 12 months.
- More than three-quarters of U.S. investors surveyed expect to expand or increase the level of investment in their property portfolios during the next 12 months. None expect to reduce their portfolios.
- The industrial and logistics sector is the top pick for U.S. investors, despite a competitive marketplace. More than 70 percent of the survey respondents claim to be seeking opportunities there.
In many markets, there remains a healthy spread between cap rates and the cost of capital, which continues to fuel optimism and demand for product, but also helps to insulate against broader risks to the markets should interest rates rise later in 2015.
Read the full report here.