The property markets in Asia, Brazil and the US are attracting the most attention from those seeking property investments,
it has been revealed. During the Reuters Global Real Estate Summit, a number of experts offered their opinions on which nations offer the best prospects.
Vice-chairman of Jones Lang Lasalle Scott Latham explained that investors are turning away from Europe, where there has been a "compression of cap rates", and focusing on the US because "yields are still quite affordable". Richard David, chief executive of the Treasury China Trust, agreed, telling the news provider that buyers could make "significant gains" as US property prices begin to recover.
Anticipated economic growth in Asia's major financial centres continues to make property in these locations attractive, while Brazil offers a good option among emerging markets.
Chief executive of the Grosvenor Group Mark Preston stated that the country's real estate market presents "a tremendous opportunity for those who are willing to stomach the risk".
A report published by RNCOS earlier this week predicted strong growth for the Brazilian housing market, citing increasing demand, a focus on affordable properties by developers and government measures to boost the industry as reasons to watch the sector over the next few years.
- Friday 24 June 2011