To summarize conditions in global real estate markets, we've posted slides in the Investor Relations section of our website, joneslanglasalle.com. Slide 3 shows the Jones Lang LaSalle investment sales clock, which depicts capital values in major world markets at different stages of the real estate cycle. Global investment volumes reached $108 billion for the second quarter, up 24% from $87 billion in the first quarter of the year, with all 3 regions seeing a seasonal rise in transactional activity.Year-on-year, however, second quarter volumes were down 9% of the Americas and 7% in Europe. Asia Pacific volumes increased by 30% year-on-year, led by Japan, where investment sales activity was up by nearly 300% of a back of a recovery from the March 2011 tsunami. For the first half of 2012, however, Asia Pacific volumes were flat year-on-year.
Jones Lang LaSalle Incorporated Management Discusses Q2 2012 Results - Earnings Call Transcript
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