On a report made by cnn, they highlighted some of the global cities which are ripe for investment, particularly on housing market. The criteria which led to this list were a mixed of "population growth, rising wealth and limited housing supply." And what lies below are the 'top 5 housing markets for global investors'.
Spain is number 5 on list. Though you may doubt the economic stability of the country, Spain for this year is a standout among Europe's economic performer. Spanish economy once again regained its balance after being on a verge of collapse last 2012. According to cnn, the state prices in the country are still more than 25% below their 2008 peaks, but the market has stabilized.
Another member of EU is on the list as the top 4. United Kingdom keeps on strengthening its economy which can be felt through a massive boom of its residential market. According to the report, there was a growth "up 9% over the past year alone -- but demand overall remains buoyant, and the supply of new homes tight."
An Asian country is seated on the third spot of the list published by cnn. Singapore accordingly has a "slugged sales and reduced prices in Singapore's prime residential market," and this could be very good for investors. For though sales and prices are reduced and slow, demand still remains strong thus making Singapore part of the top housing markets for global investors.
Another Asian country is occupying the second spot for top housing markets for global investors. But instead of a country from the East of Asia, this time around Middle-East rules the second spot. There was a 4% growth with the Gulf economy in the past three years. United Arab Emirates being part of it, surely established Dubai as the region's major real estate hub. And according to cnn wealth creation and positive demographics underpin the scope for solid returns in Middle East property.
Last but not the least, would be the United States. It occupies the top choice for housing markets for global investors. It is said to be on top for it has consequently displayed economic growth and "prices are up about 30% from their 2009 trough." For such reason and other economic development factors, United States is considered as top 1 in terms of housing markets for global investors.
What do you think are some of the other places around the globe that real estate investment would be fruitful? Share and comment below for your place of choice.
