A report from IP Global places London, New York and the emerging city of Kuala Lumpur rank as the top three hubs to watch this year, while the troubled cities to avoid are listed as Athens, Hong Kong and Prague.
London property market is being fuelled by international investors with 5% growth forecast for 2012 while New York is perceived as a safe haven with prices still 20% below their peak.
With strong growth forecasts of 5% for 2012 and 23% over the next four years, prime London property continues to attract foreign investors and top the rankings. Sales volumes increased 85% over the last year, as a result of 11% price growth and rental demand remaining strong.
The report states that Kuala Lumpur leads the way in the Far East, with average price increases of 5 to 24% and says there is encouraging activity in San Francisco, Brisbane, Perth and Istanbul.
IP Globalis a leading property investment company specialising in prime investment opportunities in 20 emerging and developed markets around the world.
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