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Global Market Roundup: July 2018

July 15, 2018Article by Paul Avery

Every quarter we release our Global Market Roundup – a continent-by-continent summary of the latest data, regulatory changes, and other news relating to property around the world. Hot off the press, the most recent edition can be downloaded here.

As an additional time-saver, we’ve distilled the key points below:

Globally:

  • Foreign direct investment has tightened substantially due to uncertainty in the international order and its trade practices, but developing economies are still doing well.
  • The synchronicity of housing markets around the world is increasing along with financial conditions, so the good times and the shocks may be spread more evenly going forward.
  • The good times are dominating at the moment, with a significant majority of national markets performing well.

Europe:

  • The Hungarian market remains on fire despite slightly slower growth lately.
  • Property investment in Germany is at double 2012 levels and rising.
  • Cyprus’s golden visa scheme has created a huge supply pipeline and massive price growth, as well as difficulties for locals.
  • UK mortgage approvals are down, but asking prices are up, especially in the regions.

Americas:

  • US secondary cities are vaulting up indices of office and residential investment.
  • Prime New York stock has taken a beating from tax changes and oversupply.
  • Vancouver is benefitting from big infrastructure and employment plans just as the government is trying to dampen the market.
  • Double-digit tourism growth in Belize is feeding in to the expat residential market.

Asia-Pacific:

  • Vietnam has been rocked by protests against plans to loosen foreign ownership restrictions.
  • Chinese investment in Australia has plummeted as a result of deliberate measures to deter it.
  • China’s urban clusters project is progressing, with heady effects on cheaper urban markets.
  • Rental yields across India have been gauged and found wanting.

Middle East & Africa:

  • Oman appears to be emerging from the doldrums, with GDP and price growth up, and rental price declines slowing considerably.
  • Dubai’s market is still falling, though the bottom may be in sight.
  • Posh Cape Town neighbourhoods are thriving despite a water-shortage and political upheaval.
  • Excessive supply is keeping Marrakesh prices low, but tourism is on the up.

 

For more insight and analysis see the full edition, and keep updated on the Property Frontiers blog.

Author

Paul Avery

Paul joined us in 2016 to lead our in-house research efforts, producing reports and guidance for clients as well as the strategic market analysis behind our new project launches. His background is in sustainability in the construction sector, and he is currently being trained in property valuation to further bulk up his investment creds.
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