Following the global financial crisis which sent property prices around the globe spiralling downwards, some real estate markets have begun to fight back. Indeed, Maktoob has revealed its top ten cities worthy of investment.
"Two years on and property prices have begun to recover, but still have some way to go to get back to their pre-2008 highs. However, the subdued prices present attractive opportunities for real estate investors
," the article states.
Leading the way is Singapore. The news provider cites economic growth of 18 per cent in the second quarter of 2010 and predicted annual growth of eight per cent as the main reasons to invest in the island nation. Also competing with Singapore is Hong Kong, which has seen house price rises of 40 per cent since the start of 2009.
Meanwhile, the Brazilian city of Rio de Janeiro has also been singled out for investment. The destination will be hosting the 2016 Olympic Games and, as such, has been benefiting from increased investment in surrounding infrastructure and services.
In Europe, London, Istanbul and Berlin take up three sports on the list, with the latter feeling the effects of a strong and growing economy and thriving tourism market, the news provider claims.
- Thursday 23 September 2010