drbubb Posted October 24, 2010 Report Share Posted October 24, 2010 Global Property / GP Guide's mid-2010 Forecasts Charts to go with this thread Interactive chart from The Economist: "Clicks and Mortar" re Global House Prices http://www.economist.com/blogs/freeexchang...al_house_prices Global Property Guide: Mid 2010 Property Markets Forecast by GLOBAL PROPERTY GUIDE .. Jun 11, 2010 The world's property markets are on the road to recovery, but investors will have to be careful about which markets they select. In a new report, the Global Property Guide makes recommendations for residential property investment during 2010 (download the full Global Property Guide Mid-2010 Property Recommendations report). The world is no longer moving in one direction, as it did during the crash and the bull market of 2006-2007. Some countries' real estate markets are moving down (most notably Bulgaria, Ireland, Iceland, Slovakia, Spain, the Philippines, Greece, the Netherlands and, for political reasons, Thailand). Others are moving up (Hong Kong, Singapore, Taiwan, Australia, Israel, Finland, Norway, Sweden, and the UK) (see The World's Housing Markets at Q1 2010). However, the general trend is up, due to lower interest rates and higher government spending. Things are back to normal. Well, not quite. The world's housing markets will surely be affected by a major long-term trend, the adjustment - deep and powerful - of economic forces which is now impacting everything we do. The leading developing countries are growing rapidly and are assuming much greater importance. Relatively speaking, the developed world is losing ground. For 15 years the loss of momentum of the developed world was disguised by the housing pseudo-boom, but now the issues have become very apparent. Inevitably property markets will in future reflect these facts. Some ripples on the surface of the waters: In Latin America: Interest rates are in long-term decline, due to better Central Bank policies Economies are booming Tourism is rising The residential property boom that began 3 years ago continues Rental yields - critical indicators of the health of property markets - are still high Latin currencies are rising Our selections for investors: Peru, Panama, Brazil, and Chile Possible: Colombia In the US: The economy is recovering The dollar is rising Residential property valuations are attractive in some states, and are already attracting investors Our selections for investors: states whose property markets fell dramatically during the crisis, beginning with Florida In Europe: Property markets have not sufficiently adjusted from their 15-year rise. Residential property yields are poor throughout Europe. The panic over the Greek and other deficits shows no side of abating The Euro is falling. Currency depreciation should somewhat offset increased fiscal stringency - a positive. There are buying opportunities for opportunities for non-Euro buyers, but of themselves residential properties are not an appetizing investment in most of Europe. Our selections for investors: Turkey, Hungary Turkey, because of its young population, the opening to the East, and its competent government. Possible: Hungary, because its incompetent government may provoke a crisis which would make its low prices and excellent yields even more attractive. /more: http://www.globalpropertyguide.com/investm...arkets-Forecast Link to comment Share on other sites More sharing options...
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