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Global Market Roundup Q3 2018

October 21, 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:

  • The global property market is in fine form a decade on from the financial crisis with the vast majority of national markets in growth mode and investment volumes setting new records.
  • That upswing is widespread but not particularly potent: the average growth rate has dipped slightly over the last two years.

Europe:

  • Euro area housing markets have returned to the pace of growth achieved before the crisis, with Slovenia, Ireland and Portugal leading the pack.
  • Malta just overtook Hong Kong to become the fastest growing market in the world.
  • The steeply depreciating lira lured foreign property investors to Turkey.
  • Investment volumes have rocketed in the UK serviced apartment sector.

Americas:

  • Cuba proposed to recognise property ownership in the draft of its new constitution.
  • Currency and credit woes have instilled caution in Argentina’s property markets.
  • An explosion of new supply has reversed the sharp growth of rental costs in Seattle.
  • US medical office buildings have emerged as an investment asset class to watch.

Asia-Pacific:

  • The Hong Kong residential market, long the least affordable in the world, looks set to decelerate due to a variety of internal and external pressures.
  • Singapore is imposing a barrage of new levies to tame rising house prices.
  • Rents are rocketing in Beijing, causing an affordability crisis.
  • Japan’s undeveloped student accommodation market is ripe for investment as international student numbers climb.

Middle East & Africa:

  • Mozambique is the top country in the world for foreign direct investment relative to the size of its economy.
  • African countries have made solid gains in an index of property market transparency, led by Kenya and Nigeria.
  • The hotel industry is booming in Marrakech as security concerns are assuaged.
  • Tel Aviv and Dubai are among the most expensive Airbnb locations in the world, driven by surging tourism and pricey rents.

 

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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