My Insider Tips for 2014′s Global Property Market
As the year draws to a close, at yoo, we’ve been regrouping our areas of focus. 2013 has been all about Asia for us, and with surprising boosts in some unexpected areas of the market beginning to bubble away, here are six of my predictions for international property development in 2014.
1. The US never fails to surprise
Prosperous cities in the states are surprising us – we are seeing encouraging activity in a lot of Southern US cities and have several new projects in Miami, which has always been a successful market for us.
2. Sights are set on Indonesia
Despite huge success for our Hong Kong projects this year, new laws and a rise in stamp duty have lead us to turn our gaze to South East Asia as fertile ground for 2014. Indonesia, in particular, is interesting to us.
3. Renewed resi activity in the Middle East
For the first time since 2008 we have seen increased activity and demand for residential projects in the Middle East. I believe this will continue in 2014.
4. UK countryside draws China
While the UK residential market has a way to go, we’re excited by the prospect of demand for second homes outside London from Chinese buyers. This is great news for us with residences at our Lechlade project, The Lakes, still available.
5. Eastern Europe piques interest
Poland, Georgia, Turkey and Cyprus have begun to feature as appealing potential locations in our portfolio. In 2014, yoo will be looking to places such as these for renewed opportunities.
6. South America continues to flourish
With a yoo presence recently established in Sao Paulo, our focus on Brazil will also strengthen over the next three years. This region continues to be an exciting prospect for business development.
With consumer confidence cautiously increasing, 2014 looks to be both an interesting and optimistic year. The outlook for global property is positive, but do you agree or disagree with my predictions?
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