Global real estate transaction volumes rose 36 percent in Q3 over the same period last year to hit a whopping US$99 billion, according to Jones Lang LaSalle (JLL).
For the first nine months of 2011, investment activity was at US$297 billion, a 43 percent increase year-over-year.
"Real estate fundamentals remain relatively strong and the asset class has gained favour compared to equities and bonds," said Arthur de Haast, Head of the International Capital Group at JLL.
The Asia Pacific region recorded strong growth, with US$20 billion in total transaction volumes for Q3, an eight percent rise from the previous quarter.
Property deals in China and Japan, the largest Asian markets, stood at about US$2.8 billion and US$4.7 billion respectively.
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