Indonesia and Australia remain steady, with Thailand
and Korea a bit behind.
Housing market prices vary from city to city for a
plethora of reasons. Brazil, for example, is set to be
a leading global tourist destination in both 2014 and
2016, with both the Soccer World Cup and the next
Olympic Games to be held there. You still need to do
homework and your own research before working
out where you want to buy property, and while past
trends are a good indicator of what to expect, as they
say, nothing is certain. There are certain cities which
stand out as top global destinations to invest in. Lets
take a look at a few of these.
Top global cities
London: With a rise of 2.2 per cent in the first three
months of 2013 and an annual growth of 4.7 per cent,
England’s capital is among the top cities for property
investment.
New York: This is one of the top business capitals of
the world and as such is worth taking a look at, despite
escalating rises in land and rent rates, housing is 4 per
cent overvalued owing to rents and 2 per cent owing
to incomes.
Hong Kong: Prices have increased to more than
double since the financial crisis of 2008 and the
apartments here are the world’s most expensive, with
office property coming in at second most expensive in
the world. Limited land makes property a commodity
and one that is set to remain a good investment.
Paris: More than just the city of love, Paris is
one of the world’s top tourist destinations and as
such accommodation will always be a worthwhile
investment here.
San Francisco: Low mortgages and extremely low
levels of inventory have resulted in huge price rises and
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demand in the city renowned for its cool summers,
fog, steep rolling hills and landmarks including
the Golden Gate Bridge, former Alcatraz Federal
Penitentiary. It’s also a primary banking and finance
centre.
Cote d’Azur: The name conjures images of opulence
and wealth and for good reason; this coastline off
the Southeast corner of France became popular as a
winter resort for the British upper class in the 18th
Century. Frequented by artists, writers, royalty and
celebrities, the housing market price is growing daily
and that makes this a destination to invest in.
Toronto: If you are a professional buyer then investing
in semi-detached houses in the provincial capital of
Ontario is a smart move, if you prefer to play it safe
you might find this market a bit tricky right now.
Dallas: Single-family home prices rose by over 7 per
cent over the past year, and with supply and interest
rates low, this growing city is a good option.
Los Angeles: Also known as the city of angels due
to its original Spanish name, El Pueblo de la Reina
de Los Angeles or ‘ the town of the Queen of Angels’,
and home to both Hollywood and Disneyland.
Miami: Best known for its beaches and its port, which
is considered the ‘cruise capital of the world’, it boasts
natural beauty, tourists and commercial aspects
making it a good investment option.
Regardless of where you decide to invest, it all comes
down to the numbers mentioned in the first paragraph
and of course your personal taste and what you want to
do with the property, so wherever you decide to invest,
make sure you do your due diligence first!
RESOURCES
Global Property Guide
Offshore Handbook 2013
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