fDi Intelligence recorded 831 global real estate investment projects in 2008, compared with 596 in 2007. The rise reflects the real estate sector’s ascent up the investment rankings since 2004, when it ranked 20th for investment projects compared with fourth in 2008.
Romania attracted the most investment projects in 2008 at 74 projects. Russia ranked second with 63 projects and China third with 50 projects.
fDi Intelligence also found the hotels and tourism business reached its highest rank to date in 2008 – doubling the number of investment projects compared to any previous year. Investment in the sector, at 11th place, rose from an average of 15th to 16th, spawning the highest number of projects in 2008 at 523, compared with a previous annual average of 290.