Overseas Investment in Property Set to Rise in 2014 According to Data Released
The global real estate consultancy Knight Frank LLP’s latest Global Development Insight report indicates that Chinese buyers are the most influential in the world’s prime markets for new housing. The report shows Hong Kong as the sixth leading buyer in the world with the top locations of overseas investment taking place in Sydney, London and Tokyo.
Chinese real-estate investors made a name for themselves abroad in 2013, picking up big-ticket projects from New York to London, and that momentum is poised to pick up this year.
Iain Brand, Joint Managing Director of Direct Property Group (http://www.directpropertygroup.com.hk/
“Hong Kong is still a key market for the Chinese, but trends in property investment are showing that the prime property locations in 2014 will be: Dubai, Shanghai, New York, London, Tokyo, Bangkok, Nairobi, Sydney and Monaco.”
Brand, of Direct Property Group, continues: “The recent economic environment has resulted in buyers being driven to safer locations where cities are seen to be more sheltered from economic unrest.”
The Knight Frank LLP survey (http://my.knightfrank.com/
While the London market continues to enjoy high demand, along with some of the world’s highest real-estate prices, many investors aren’t limiting themselves to those cities, and are looking to park their money in other markets in Asia Pacific and Europe.
Recent focus has been more transparent real-estate markets, and for Asia’s equivalent that would be Singapore, Sydney and Hong Kong, but investors are also looking for assets in places such as Brussels, Poland and Germany.
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Direct Property Group