2016's Hottest Real Estate Markets
8 most attractive property investment
markets for 2016
Investing in property is always going to be a good idea. Unless you are really, really, really unfortunate to
purchase property in a city that gets demolished by natural calamities or war, it is almost impossible to lose huge
amounts of money. On the other hand, there is always a possibility for your property to increase in value, bringing
you profit. Many times a sizable one.
|Smartly investing in property will always result in good returns, especially
when you invest in
some of the hottest real estate markets in the world.
However, in order to make smart investments in real estate, you
need to know which real estate markets are on the upturn, meaning that the value of properties increases with time.
Today, we will be looking at the most attractive real estate markets for 2016, in worldwide terms.
The island country in northern Europe is definitely making a strong comeback following the banking crisis which
all but destroyed the country's economy and its real estate market with it. Over the last couple of years, however,
we are seeing a dramatic increase in property value, with home prices increasing by more than 7 percent for a
number of years in a row.
Another European country on the list, Turkey has its economic growth to thank for the rising home prices. In the last few
years, home prices went up by around 7 percent each year, which experts believe is a direct consequence of the
country's GDP being on a steady upturn. As long as the Turkish economy keeps growing, so will the house
Ireland is once again picking up pace economy-wise, with the fastest growing GDP on the continent and this can also be seen on the Irish real estate
market. Home prices have skyrocketed recently, with the last yearly increase rate reaching more than 17 percent.
The good news is that Ireland is showing no signs of slowing down, meaning that home prices will only rise. It
is a great time to buy property in Ireland, there is no doubt about that.
In Asia, Hong Kong is recording some of the biggest increases in home prices in the last decade, following a
rough start of the year 2014 when certain government measures cooled off investors. The Pearl of the Orient is back
and in 2015, it has seen a 14 percent hike up in home prices.
The real estate market in Qatar is booming due to a mix of factors such as the construction boom associated with
the FIFA World Cup in 2022, the rapid economic growth as well as increasing population. In 2015, the prices of
homes went up by more than 15 percent, following 2014 which was even more staggering.
In the Americas, Costa Rica is an interesting market to buy simply because it is still a buyer's market,
according to experts from Encuentra24. Combine buyer's prices with a booming economy and a progressive government and
you have a situation where a potential property purchase can result in huge returns down the line.
In the U.S., the market is stable, with certain states faring much better than others. Most experts believe that
the capital of Rhode Island, Providence is one of the best cities to buy property at the moment, mostly due to the
proximity to Boston, a city on the rise. Saint Louis is also looking great, as are San Diego, Atlanta and
Finally, if you are looking for a remote real estate to purchase and probably sell some time later for huge
profits, you must not forget about New Zealand, a country that has reported a rise in home prices in all of its
part, some of them of over 50 percent. In short, you want to purchase property in New Zealand.