Top 10 Global Cities for Real Estate Investment in 2016
With so many investment experts and advisors saying that real estate investment is the safest venture for 2016, we thought it would be a good idea to list the cities around the world that are getting the most attention by experienced investors. We’ve broken them down into three main regions: North America, Europe and Asia. Have a look and let us know what you think!
New York, San Francisco, Miami, and Los Angeles
Berlin, London, Paris, and Frankfort.
Tokyo, Sydney, and Melbourne
In the US, 94 percent of investors said that they will increase their real estate investments this year. In general, most of the best real estate markets in the US are centrally located and thus attract a large number of big firms, which in turn helps create better economic conditions. The national median existing home price for all of 2015 was close to $221,200, up around 6% from 2014. And according to Property Wire, in 2016, existing sales are expected to grow between 1% and 2%, 5.3 to 5.4 million and prices between 5% and 6%.
In the UK, residential properties as well as commercial properties such as office space are very popular. In addition, the Gurdian said that house prices in some parts of England and Wales have increased by almost 1,000% over the past two decades, with Oval in south London seeing the biggest price surge in that period. Throughout Europe, shopping centers and luxury retail properties are popular, and the bigger cities continue to attract more investors.
In Asia, Tokyo is ranked at the top of 22 cities for investment, with Sydney coming in second and Melbourne third. Most investors see these cities as top gateway markets and experts maintain that Asia’s real estate markets are the product of nearly eight years of easy money from the world’s central banks.
For a look at some excellent real estate investment opportunities around the globe, don’t forget to visit the Estateya marketplace. We’ve got properties from around the world – all you have to do is tell us you’re ‘Interested‘ and we’ll get right back to you with more info and to help you invest, simply.