Developing market across the globe are set to outperform their more established counterparts in terms of property investment in the coming months.
Auction Alliance chief executive Rael Levitt has pointed to the health of many European markets, which he said were in "great distress". Mr Levitt added that it was the belief of many economists and analysts that China, India, South America and Africa were the regions where property markets would recover quickest.
In addition to their predicted recovery, the nations would also provide the strongest returns as the global economy returned to health over the next five years.
The expert's comments follow a recent commercial property conference held in central London.
"At the conference it was confirmed that advanced countries would still see pain in their property markets for some time [and] developing economies would strongly outperform sluggish northern hemisphere nations," Mr Levitt said.
- Tuesday 02 November 2010