In this world of fast money, everyone is now turning towards real estate to make good use of their capital. So, while you keep on doing the research on where to put in your good money, we made your task a tad-bit easier. Here are the top 5 real estate hotspots around the world:
Tokyo is now a rising real estate industry for not only having properties at considerable rates but also for its development as a city. The concept of Net Zero Energy houses has already made people to turn back to this energy saving city. With Tokyo ranked 5th in the Luxury Residential Price Index and also having low rents in the station area, investment in this city has become more of an option by choice and not by compulsion.Minato Ward, an area home to several important commercial and entertainment districts such as Akaska and Roppongi, is one of the most prestigious residential addresses in Tokyo.
London is the powerhouse of the UK economy with average wages higher than elsewhere and significant numbers of very well paid professionals. Beautiful, British architecture and a safer neighborhood has got London on the list too. Kensington and Notting Hill (not just the movie) are the places most that are most sought after. Despite being a developed city, the amount of green space will be a pleasant surprise for the investors.
Dubai has been a little low when it comes to real estate in 2015. But, the investors are taking full advantage of this since the prices are conveniently low and arepredicted to come back within ts range by the end of the year. The area around Burj Khalifa and Dubai downtown are in demand when it comes to new investments. There is no property tax and if invested wisely, these dealscan make you an equal to the Arabs!
- New York
New York is one of the highest- selling commercial real estate market. This city that never sleeps has been one of the most attractive property hotspot. Along with Tokyo, New York too, holds a place on the list of Luxury Residential Price Index. The economic crisis during the period of 2007-2010 is now long forgotten and this city has emerged out of it, with more job opportunities and thus, boosting real estate market.
The city of dreams is all up for new investors. With all sorts of areas to invest in-South Bombay where most of the city’s elite reside, the upcoming area of the planned suburb of Navi Mumbai, the Western and Central line areas which are closer to the main attractions of Mumbai have attracted a good number of investors. Mumbai has always welcomed new people and even though prices are high, after looking at what the city has to offer you in terms of job opportunities and cultural diversity, you’ll know that it is worth that effort.
The list goes on as a lot of cities all around the world are developing faster and getting people-friendly while thriving to make it to the top 5. Until then, keep investing!