🇪🇺 Europe – Real Estate Capital Surge
European real estate investment, especially in REITs and ESG strategies, has rebounded strongly in 2025. Transaction volumes are projected at €200 billion, up from €150 billion in 2023 [oai_citation:0‡AEW](https://www.aew.com/research/2025-european-outlook?utm_source=chatgpt.com) [oai_citation:1‡Spain](https://www.ubs.com/global/en/assetmanagement/insights/asset-class-perspectives/real-estate/the-red-thread-private-markets/may-edition-2025/articles/europe-real-estate-outlook.html?utm_source=chatgpt.com) [oai_citation:2‡Cushman & Wakefield](https://www.cushmanwakefield.com/en/insights/european-investment-atlas?utm_source=chatgpt.com).
- 2025 projected total returns: +7.4% annual across all property types [oai_citation:3‡Aberdeen Investments](https://www.aberdeeninvestments.com/en-jp/institutional/insights-and-research/european-real-estate-market-outlook-q2-2025?utm_source=chatgpt.com) [oai_citation:4‡Principal Brand Asset System](https://brandassets.principal.com/m/7146004e67ac20fe/original/Principal-Real-Estate-Europe-Sector-Report-Spring-2025.pdf?utm_source=chatgpt.com).
- Residential capital flow: ~€42 billion in 2024 (~22% of total) [oai_citation:5‡Principal Brand Asset System](https://brandassets.principal.com/m/7146004e67ac20fe/original/Principal-Real-Estate-Europe-Sector-Report-Spring-2025.pdf?utm_source=chatgpt.com).
🇺🇸 United States – Manufacturing Reshoring & Strategic Tech Investment
US reshoring and FDI created >244,000 manufacturing jobs in 2024, with total investment announcements of ~$1.7 trillion by end‑2024 [oai_citation:6‡Floor Covering News](https://www.fcnews.net/2025/06/reshoring-u-s-manufacturing-jobs-grew-in-24/?utm_source=chatgpt.com) [oai_citation:7‡Visual Capitalist](https://www.visualcapitalist.com/sp/reshoring-investments-in-america-have-surged-tema-01/?utm_source=chatgpt.com) [oai_citation:8‡reshorenow.org](https://reshorenow.org/blog/u-s-manufacturing-reshoring-and-fdi-top-244-000-jobs-in-2024/?utm_source=chatgpt.com).
- TSMC’s US semiconductor investment is estimated at $100 billion (2019–2025) [oai_citation:9‡AP News](https://apnews.com/article/42980704ffca62e823182422ee4b7b83?utm_source=chatgpt.com).
- Apple pledged $500 billion US investment over 4 years, creating ~20,000 jobs [oai_citation:10‡가디언](https://www.theguardian.com/technology/2025/feb/24/apple-us-investment-announcement?utm_source=chatgpt.com).
- AstraZeneca will invest $50 billion in manufacturing and R&D by 2030 [oai_citation:11‡Reuters](https://www.reuters.com/sustainability/boards-policy-regulation/astrazeneca-unveils-50-billion-us-investment-pharma-tariff-threat-looms-2025-07-21/?utm_source=chatgpt.com) [oai_citation:12‡Financial Times](https://www.ft.com/content/7eb452bd-14f9-4648-b2e0-6e421cab964d?utm_source=chatgpt.com).
🇸🇦 Middle East – Strategic Capital Realignment Amid Geopolitical Tension
Despite geopolitical risks, Gulf sovereign capital is shifting globally. For example, Saudi PIF invested over $6.6 billion into Asia between 2022–2024 [oai_citation:13‡Aberdeen Investments](https://www.aberdeeninvestments.com/en-jp/institutional/insights-and-research/european-real-estate-market-outlook-q2-2025?utm_source=chatgpt.com) [oai_citation:14‡colliers.com](https://www.colliers.com/en-gb/news/20250604-europe-seizes-the-spotlight-as-global-capital-realigns?utm_source=chatgpt.com).
- Dubai’s DIFC saw a 72% increase in hedge fund and asset manager licensing since mid‑2024 ().
🌏 Asia – Capital Stagnation & US Asset Dependence
Asia shows slow growth and weaker FDI flows. Inflation-adjusted growth forecast for 2025 is ~3.9–4.0% ().
- FDI in Philippines dropped ~82% in Q1 2025, falling to ~$510 million [oai_citation:15‡Camoin Associates](https://camoinassociates.com/resources/reshoring-reality-whats-fueling-the-manufacturing-revival/?utm_source=chatgpt.com).
- Asia’s financial portfolios hold ~$21 trillion, with ~41.5% exposed to US assets ().
🇪🇺 欧州 – 不動産への資本シフト
2025年、欧州ではREITおよびESG関連資産への投資が活発化。取引額は2023年の€1,500億から2025年には€2,000億に拡大予定です [oai_citation:16‡AEW](https://www.aew.com/research/2025-european-outlook?utm_source=chatgpt.com) [oai_citation:17‡Spain](https://www.ubs.com/global/en/assetmanagement/insights/asset-class-perspectives/real-estate/the-red-thread-private-markets/may-edition-2025/articles/europe-real-estate-outlook.html?utm_source=chatgpt.com) [oai_citation:18‡Cushman & Wakefield](https://www.cushmanwakefield.com/en/insights/european-investment-atlas?utm_source=chatgpt.com)。
- 全物件種別の年間リターンは＋7.4%予測 [oai_citation:19‡Aberdeen Investments](https://www.aberdeeninvestments.com/en-jp/institutional/insights-and-research/european-real-estate-market-outlook-q2-2025?utm_source=chatgpt.com) [oai_citation:20‡Principal Brand Asset System](https://brandassets.principal.com/m/7146004e67ac20fe/original/Principal-Real-Estate-Europe-Sector-Report-Spring-2025.pdf?utm_source=chatgpt.com)。
- 住宅セクターへの投資額：2024年に約€420億（全体の約22%） [oai_citation:21‡Principal Brand Asset System](https://brandassets.principal.com/m/7146004e67ac20fe/original/Principal-Real-Estate-Europe-Sector-Report-Spring-2025.pdf?utm_source=chatgpt.com)。
🇺🇸 米国 – リショアリングとハイテクセクターへの集中投資
2024年にはリショアリングとFDIにより24万件以上の製造業雇用が創出され、対年末までに総投資発表額は約$1.7兆に到達しました [oai_citation:22‡Floor Covering News](https://www.fcnews.net/2025/06/reshoring-u-s-manufacturing-jobs-grew-in-24/?utm_source=chatgpt.com) [oai_citation:23‡Visual Capitalist](https://www.visualcapitalist.com/sp/reshoring-investments-in-america-have-surged-tema-01/?utm_source=chatgpt.com) [oai_citation:24‡reshorenow.org](https://reshorenow.org/blog/u-s-manufacturing-reshoring-and-fdi-top-244-000-jobs-in-2024/?utm_source=chatgpt.com)。
- TSMCの米国半導体への投資は約$1,000億（2019–2025年） [oai_citation:25‡AP News](https://apnews.com/article/42980704ffca62e823182422ee4b7b83?utm_source=chatgpt.com)。
- Appleは今後4年間で$5,000億の米国投資を表明、2万人の雇用を創出予定 [oai_citation:26‡가디언](https://www.theguardian.com/technology/2025/feb/24/apple-us-investment-announcement?utm_source=chatgpt.com)。
- AstraZenecaも2030年までに$500億を米国の製造と研究開発に投じる予定です [oai_citation:27‡Reuters](https://www.reuters.com/sustainability/boards-policy-regulation/astrazeneca-unveils-50-billion-us-investment-pharma-tariff-threat-looms-2025-07-21/?utm_source=chatgpt.com)。
🇸🇦 中東 – 地政学リスク下の資本再構築
中東の主権資本は依然活発に移動しており、サウジPIFは2022–2024年にアジアへ$66億以上を投資しました [oai_citation:28‡Aberdeen Investments](https://www.aberdeeninvestments.com/en-jp/institutional/insights-and-research/european-real-estate-market-outlook-q2-2025?utm_source=chatgpt.com) [oai_citation:29‡colliers.com](https://www.colliers.com/en-gb/news/20250604-europe-seizes-the-spotlight-as-global-capital-realigns?utm_source=chatgpt.com)。
- ドバイのDIFCでは2024年後半から運用会社ライセンスが72%増加 ()。
🌏 アジア – 成長停滞と米国資産依存
アジアではFDIの減速と成長率鈍化が続き、2025年の成長率は約3.9～4.0%に予測されています ()。
- フィリピンの2025年第1四半期外資直接投資（FDI）は前年比約82%減の約$5.1億 [oai_citation:30‡Camoin Associates](https://camoinassociates.com/resources/reshoring-reality-whats-fueling-the-manufacturing-revival/?utm_source=chatgpt.com)。
- アジアの金融ポートフォリオは約$21兆で、そのうち41.5%が米国資産に投資されています ()。
