Investing in real estate can always seem like a bit of a gamble. Therefore, it is important to really do your homework into the area the property is located in before you put pen to paper. Although you mightn’t want to sell on the property for a few years, you need to ensure that when you do, the transaction will prove profitable so analyzing market trends and reading up about upcoming developments is a must. No one wants to end up with a dead weight property that they have to sell on at a loss! Right now, the real estate market in certain cities in the world is flourishing. If you’re in the market for a quality piece of real estate, which will offer excellent real estate value, look to one of the 3 top global real estate hotspots in the world right now.
The entire British real estate market is doing really well at the moment, and has proven a stable environment to invest in for quite some years now. In London in particular, house prices have grown by 107% since 2005. In more recent years, the market remains very stable, with house prices growing at a very healthy 18% between 2014 and 2014. The average price of property in London now sits at around £330,000 however with Open Property Group’s Sell House Fast process, you can resell a London properly quickly for a very attractive cash offer, without any hassle or fuss. Zone 3 in London, including areas such as Brentford, is where analysts are predicting the steadiest flow of increased market value over the next few years.
New York, the city that never sleeps, continues to yield a high return on property spots and remain one of the most attractive property hotspots in the world. High end apartments went for an average of $1.7 million dollars in 2014, up from $1.5 million dollars in 2008. The economic crisis of 2008 is now a distant memory in New York with several attractive developments under construction right across the city. If you’re looking to invest in highly resalable luxury properties, New York is the place to focus on. New York City is also the most active commercial real estate market at the moment too.
Although the real estate market in Dubai has been pretty quiet in 2015, now is the time to buy. Prices have dropped to more affordable levels right now however; chairman of leading developer group Sobha Group, PNC Menon predicts that the market will return to normal by the end of the year. Dubai’s prime real estate location area is the 3-4km between the Burj Khalifa and Dubai Downtown where despite market conditions, once a property is well constructed, it will fetch a high price.
We hope this guide serves your well on your quest to find real estate property worth investing in!