Vancouver, along with Shanghai and Sydney, is anticipated to outperform other cities in terms of residential property, while Singapore will be launching a few good projects by local developers, like the Chip Eng Seng, Grandeur Park Condo.
The worldwide real estate market will probably improve on the back of a predicted promotion in the world economy and strong demand in prime locations, in 2017, based on Kevin Coppel, Knight Frank’s Regional Head of Asia Pacific.
Nonetheless, he also noticed that any improvement would be modest, as various states keep their property cooling measures set up to rein in the soaring costs. While Trump’s stance on cross border trade creates doubt in the medium- and long term, Trump’s rhetoric has gotten more subdued since winning the election.
“Doubt is the most unfavourable for investment markets, but real estate has proved relatively safe, compared with other investment tools,” said Coppel.
Chinese investors are expected to play an important part in both sections.
The truth is, social media giant Facebook and US banking service provider Wells Fargo have expressed their continuing devotion to London.
At precisely the same time, Coppel added that a weaker pound has made London property more attractive and more affordable.