Real estate market has been in talks for a very long time. People are opting for buying overseas property and looking at global real estate. International property market has shown a lot of variance in the last few months. The US housing market has also been very radiant because of the pandemic.
According to leading researches, the global property investment has increased in the last 12 months even during the pandemic. This has created a lot of opportunities in this market.
Let us have a look at the markets that are prevalent in the world for the real estate sector. We would be analysing them one by one and looking at the trends and strategies that are going there.
International Property Market: The Latest Developments
Abu Dhabi
In Abu Dhabi, the investors are getting good return on investment because there has been a reduction in the sales price. Rents have gone down but they are still getting a healthy yield.
London
The latest belief is that the London market for real estate will have an incremental effect. It has seen growth and he’s also awaiting a new report into the foreign ownership.
Kuala Lumpur
Undeniably, the Kuala Lumpur real estate market is benefiting from overseas investment. In fact, Malaysia is one of the few countries that allow foreigners to own freehold property. This has made Kuala Lumpur a very big hotspot for investment. This policy has indeed worked wonders for the place because it has been prospering since then.
Hong Kong
The real estate market in Hong Kong is showing a very different approach. The investors in Hong Kong are trying to buy property outside because there has been a hike in the stamp duty there. The private market in Hong Kong which is there for domestic purposes has been under the government. Investors are becoming more confident in purchasing foreign property.
If we analyse the markets that are given above, there has been a very different trend in all of them. Some areas are booming with investment while some are not. All this depends upon the government rules and regulations. We have seen that the rental market and the real estate segment in Kuala Lumpur is in a good shape because it has easy rules and regulations for foreigners. This has acted as a very big plus point for the Kuala Lumpur market and has made the people believe that Kuala Lumpur can be a hub of real estate. If a nation wants to prosper and wants to go ahead, liberalisation is the way forward. This must be done in all the cases. Real estate segment is also a part of this.
USA
The real estate market in the United States of America is also in a very good shape. The number of sales went up and housing prices were up in September. But at the same time, vacancy rates can also be expected to go up because of the new rules and regulations that are passed. According to the Wall Street Journal, the United States of America is looking at a very big housing shortage. This has been the biggest historic housing shortage. This is the reason why the housing market is expected to grow more and more and the prices of the houses will also go up.
Overall, the real estate market has always been a super hit for all investors.
If you think your friends/network would find this blog useful, please “Like“ & “Share“.
Follow me on Twitter and Facebook page for more such posts. You’ll be notified each time a new post comes up.
Be the first to comment