Global real estate hot spots: Where should you invest next?
Over the last decade, global residential markets have seen increases in investment. Some pioneering cities include London, New York and Miami.
Knight Frank’s Global Residential Forecast for 2018 outlines the current global landscape for prime residential purchasers. These cities include:
After a period of sluggish price growth, Paris is now appealing to global investors, particularly those from the U.S., Middle East and Europe. This means an expected price growth of up to 9 percent this year. Paris has also become attractive because of the recent annulment of rent caps as well as an improved Eurozone economic outlook.
Berlin has one of the best performing economies and lowest cost of living rates in Germany. There are also relatively inexpensive higher-grade new real estate units.
The government continues to invest in the economy and infrastructure because of Expo2020. This increases employment levels, which raises the demand for real estate. This year, Dubai is expected to see modest economic growth following its more recent weaker performance.