The global real estate industry is truly in an interesting time. The sluggish property market in many parts of the world has been affecting demand and sales in real estate markets. Foreign investors to properties are definitely finding it hard to determine which markets thy can logically and safely infuse their highly sought after investments.
Global property analysing group Association of Foreign Investors in Real Estate or AFIRE is conducting a yearly poll to find out an updated list of hot property markets around the world. As a standard practice, the survey is asking about 200 foreign property investors from across the globe. Such investors are estimated to infuse up to $700 billion in offshore property investment opportunities.
It is interesting to note what the list has especially these days when real estate is pronounced with numerous challenges. The global property market is in a downturn and the economic slowdown of major economies is making situations worse. Analysts and experts estimate that there can be a major and drastic shakeup to the list, especially because major markets are having real estate challenges these days.
Another interesting highlight is the rise of Middle Eastern and Russian property investors. Because per capita income in the areas is higher due to the oil boom, opulent individuals from the regions are eyeing different real estate assets and opportunities all around the world. Middle Easterners and Russians definitely have independent and different tastes and preferences when buying real estate.
The list of best places where offshore investors can put their real estate investments is interesting enough. AFIRE said some of the most popular real estate markets for foreign investors are as follows:
1. New York City – This site has always been a winner. Amazingly, investors still see New York as the most ideal place to own assets.
2. London – Following NYC is always London. The city has always been seen as a capital not just of the UK but also of the entire Europe. Middle Eastern and Russian property investors love London.
3. Washington, DC – The US capital is a good and secured site for a property investment, no wonder.
4. Paris, France – Bonjour. The most romantic city on earth is a popular real estate destination. The fashion capital is also a sought after property market.
5. Shanghai, China – Mainland has always been a sleeping dragon. Shanghai is a promising real estate market, though many are concerned about worsening pollution problems.
6. Tokyo, Japan – Japanese investors love to patronise their own.
7. Singapore has always been a boom city, in all aspects.
8. Sydney, Australia is not just home to the Opera House. It is the banner real estate market from down under.
Andrew is a contributing author in various real estate blogs. When he is not writing about the property market, Andrew helps home buyers finding low doc loans that fit their needs.