Latest Overseas Property News

News in all countriesLatest Overseas Property News from all Countries

Display News from the following countries:

19/08/2010 - Asia Pacific leads global property market recovery  19/08/2010 - Asia Pacific leads global property market recovery

According to an International Residential Review by Chesterton Humberts the Asia Pacific region is leading the global property market recovery.

Additionally, the fastest rate of increase in high net worth individuals [HNWI] is happening in the Far East, with Singapore, Malaysia and China showing growth of 35%, 33% and 31% respectively.

The report also confirms that Monaco is still the most expensive area for resale property at €45,000 per square metre.  St Jean Cap Ferrat in France is second at €32,500 per square meter and London comes in third at €22,500 per square meter.

Hong Kong, New York and London are the most expensive locations for new property at €19,500, €16,750 and €16,500 per square meter respectively.

Andrew Hawkins, head of International at Chesteron Humberts, commented; “The star performers are in the Asia Pacific region while recovery in Europe and North America is more laboured with transaction volumes remaining well below pre-recession levels.”

The report shows that a number of countries have recovered most of their losses between 2008 and 2009.

Andrew Hawkins added; “Outside the Asia Pacific region, it is the prime segments which have in most cases recovered first. This reflects the combination of a smaller supply of available properties and the greater purchasing power of HNWIs, who are seeking desirable properties still selling at a discount to pre-recession levels.”

Buyers in the prime real estate buyer are usually only affected by a shortage of quality stock in preferred locations. This factor partially explains the strong price recovery in international prime locations as the desire for a lifestyle is as strong as ever even for those with sufficient capital to invest.

For investment it makes sense for HNWIs to have a diverse portfolio which includes property as equities will remain volatile, savings accounts continue to underperform at low interest rates and pensions continue to decline over time.

close Don't Show Again
Simply enter your details & get all this for free...
  • Off-market deals
  • Below market value Property
  • Invites to VIP events
  • Pre-launch discounts
  • Detailed investment reports
  • Investment webinars & seminars