When it comes to real estate investment, A-listers like New York, Hong Kong, and London are an obvious pick. But as global investors seek alternative locations, there are dozens of up-and-coming cities across the world where residential property price growth could meet or beat that of top tier cities. Below are a few of these sometimes overlooked global markets that stand out to us.
Pho courtesy of Hans-Peter Bock firstname.lastname@example.org.
Dublin's real estate market took a beating after the 2008 Eurozone crisis, resulting in severe price corrections. However, the city's real estate market is in for a strong recovery thanks to improving economic conditions and affordable property.
- Population: 527K
- Price for 2-bedroom homes: $210,000 - $560,000
Photo courtesy of maryjikad.
Following a fifteen-year-long civil war that ended less than two decades ago, Beirut has undergone considerable repair and reconstruction. Since then, this Mediterranean coastal city has been attracting a younger professional population and shows huge potential for growth.
- Population: 1.9M
- Price for 2-bedroom homes: $180,000 - $500,000
Photo courtesy of Diliff.
Melbourne's real estate market is highly-priced, in part because of its strong financial and tech sectors. With the value of the Australian dollar at a five-and-a-half year low and the "golden ticket" visa still available for more wealthy individuals, Melbourne is an attractive option for investors.
- Population: 4.25M
- Price for 2-bedroom homes: $320,000 - $675,000
Photo courtesy of Marc Averette.
Miami's prime residential market is just about as high as it was before the severe price corrections in 2008. The city offers potential investors safe jurisdiction, good title, and a great tan.
- Population: 419K
- Price for 2-bedroom homes: $275,000 - $900,000
*Sources: Savills, Candy & Candy, and Deutsche Asset & Wealth Management.
Find this story and more in our Spring 2015 South End Stakeholders's Report. Read all about the latest real estate trends, forecasts, and an in-depth look at the South End community.
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