2015 has seen the ups and downs in both local and foreign real estate markets, however new urban markets are also on the verge of getting discovered in one way or another.
Knightfrank.com recently featured in an article of the newest urban areas in cities people where people would probably have the picturesque life. Here is their list of some cities to look at (should relocation to other parts of the world come into mind):
- Hongkong(Kowloon West) is looking at infrastructure investments that are putting this part of Asia as one of the newest locations for luxury residences.
- Nairobi(Runda & Gigiri), a suburb for most upper class families located in Africa. It is also gearing towards opportunities in housing market growth.
- Dubai(Business Bay Area) has always been friendly and welcoming to local and foreign visitors alike. Yet, this part of the city is popular for its close proximity to downtown sights such as the Dubai Mall and major roads to the mainland.
- Singapore(Tiong Bahru) is another urban market city to check out as the old neighborhood has stayed true to retaining its historic value despite the emergence of technology in other parts of the Lion City.
- London(Victoria Park) has been sighted as an open-door to development opportunities due to the influences coming from the tech scene and the famous Olympic Park providing a stronger scope for economic growth.
Even forbes.com agrees to the predictions for these inner urban cities to be a close contender to the other leading cities in the house market. The article also included the cities of Madrid and Dublin to be slowly conquering the market with their prime real estate properties seeing stable and consistent upgrowth. Liam Bailey, Head of Research For Knight-Frank, has been quoted as saying "safe-haven investors....are now looking for new opportunities."
