Real estate has always been one of the most fluctuating niches in industry, regardless of the particular nation we are talking about. However, despite the uncertainties of the real estate industry, this sector has always drawn in investors, mainly because properties represent one of the most valuable assets on any market.
With the economy slowly reviving worldwide, new housing markets are emerging in all corners of the globe. Today, we would like to present you with a list we have compiled of the 5 best places for property investments in 2014. The following hotspots were chosen due to their strong economy, developed infrastructure, and increase in investment opportunities. Read below to see which housing markets you should keep your eyes on in the following months. Let’s take a look at the countdown. Let’s take a look.
No. 5: New York, USA
As of the biggest and most important metropolis in North America, New York has always been a favorite destination for property investors. This year, all eyes are on east Lexington Avenue, an area which holds a lot of potential, thanks to the Second Avenue Subway, which was recently built. With tons of great schools, boutiques, and restaurants in the proximity, the value of this area is expected to grow exponentially once the project is completely finished.
No. 4: Mumbai, India
Over the past decade, Mumbai has developed into a blooming metropolis and has emerged as one of Asia’s biggest business centers. Concomitantly, Mumbai’s housing market has also flourished, with some of the highest real estate prices in the world, compared to the per capita income. Hotspots around the city include the Mumbai harbor and the west coast of the Arabian Sea, which house the city’s elite.
No. 3: Paris, France
France has a history of being a preferred spot for foreign property investors, in particular for Brits, who are mostly interested in holiday homes. While there are a ton of housing markets to choose from throughout the country, the French capital of Paris remains amongst the favorites. In particular, Ile Saint Louis is a highly sought after quarter of Paris, due to its proximity to main tourist attractions, as well as its location in the heart of the city.
No. 2: Sydney, Australia
Australia’s strong economy gives investors great opportunities for residential, commercial, and personal real estate investments. Although the entire country is faring quite well, the best place for property investment remains Sydney. The most in demand properties are luxury estates, which can be found in various spots around the city: Double Bay, Darling Point, Elizabeth Bay, or Centennial Park.
No. 1: Hong Kong
Hong Kong is at the epicenter of the Asian boom, and this can easily be seen in how its housing market has developed over the past years. According to Savills Research, accommodation costs have risen by 80% on the Island and by 65% in the New Territories since 2008, and all signs are indicating that this growth will not stop anytime soon, making it a great opportunity to invest in this Asian oasis.
