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Emerging real estate markets could outperform core in the coming years

07.05.2014
Homesoverseas.ru editorial office
61
Less popular real estate markets in cities such as Melbourne, Tel Aviv, Chicago, may surpass the main markets (London, New York, Hong Kong and others) in the coming years, reports Property-report.com with a link to the Candy GPS Report.

The report is dedicated to 12 cities around the world with the potential for steady price growth and attracting foreign investment. These include cities that are quite popular among investors (Melbourne), as well as large cities in developing countries such as Chennai (India).

According to Nick Candy, the head of Candy & Candy, real estate has become a core asset class for the super-rich, but until recently investors focused on luxury real estate in the largest cities in the world, thanks to which the real estate markets in these cities reached record levels.

As the potential for price growth in the main markets decreases, luxury real estate owners are beginning to be interested in markets where they can earn more income, including in large megacities in developing countries.

HomesOverseas.ru

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