London, New York and Kuala Lumpur named as top three property hot spots
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London, New York and Kuala Lumpur are today (Wednesday 14 March) named as the top three global property investment hubs by the latest IP Global property barometer.
It says that the London property market is being fueled by international investors with 5% growth forecast for 2012 while New York is perceived as a safe haven with prices still 20% below their peak.
It adds that Kuala Lumpur leads the way in the Far East, with average price increases of 5 to 24% and says there is encouraging activity in San Francisco, Brisbane, Perth and Istanbul.
The leading property investment company which specialises in securing prime investment opportunities in 20 emerging and developed markets around the world, categorises markets as ‘Bright’, ‘Fair’ or ‘Cloudy’.
The report places established hubs of London, New York and the emerging city of Kuala Lumpur in Malaysia rank as IP Global’s top three hubs to watch in the ‘Bright’ section, with San Francisco, Brisbane, Perth and Istanbul interesting ‘ones to watch’ or Cloudy’. Troubled cities to avoid are listed as Athens, Hong Kong and Prague.
