By Keat Foong | MHN Online
Prudential Real Estate Investors (PREI) said that commercial real estate prices are on the rise worldwide as economies rebound internationally, but expressed concern that loose monetary policy could be driving property valuations.
In its June 2014 Global Outlook, PREI reported that Europe’s economy “appears to have broken the shackles of recession, recording five straight quarters of growth.” Meanwhile, the recovery of the U.S. economy, which is leading GDP growth worldwide, “is regaining momentum after a weather-related slowdown in the first quarter.”
