With the changing global economy and emergence of new markets, the map for smart real estate investment has changed. Even safe-haven investors who used to consider only established markets are now looking for new opportunities. Of course, global cities like New York and London remain active, but it’s maybe time to eye new, more promising destinations. So, where to spend in 2015? Here are several tips on smart real estate investing in 2015.
According to the World Economic Forum real estate has become a stronger global asset class in the last several years. In 2014, global direct real estate investment returned to pre-recession levels and is expected to reach $1 trillion annually by 2020. The reasons are many, but the fact remains – real estate is becoming more and more preferred investment option. So, being a part of this global tendency might work out excellent for you – sometimes, even without having the cash millionaire investors work with.
Upcoming neighborhoods in established global cities
Interest for upcoming neighborhoods, especially in inner urban areas, in established hubs like London and Paris is growing as prices there are still affordable, while the location is close to central business districts. Paris, for instance, is viewed as “safe, but buzzing area”, while small neighborhoods in London are yet to grow in the coming years, so they are an interesting opportunity for investment. Other areas that are becoming hotter include Williamsburg in New York, Kachidoki bay-area in Tokyo, Barangaroo in Sydney, Paris’ 16th arrondissement, Cape Town Central Business District, Kowloon West in Hong Kong, Tiong Bahru in Singapore, and Nairobi’s Runda and Gigiri. London’s Victoria Park and Dubai’s Business Bay are also among the best areas to invest right now.