The 10 Fastest Growing Real Estate Markets

The results reveal the following:

10. Madrid, Spain

The report has shown that the housing market in Spain has greatly increased over 2019. This is mainly due to foreign buyers, the majority from England, France, Germany, Italy, and Sweden. Madrid real-estate costs about $3,276 per square meter making it the third most expensive housing market in Spain. Over 2019 the market increased by 4.2%.

9. Delhi, India

Delhi holds 9^th position as it faces a slowing housing market. Due to this, the government has made efforts to support the housing market by announcing it would reduce taxes on residential properties that are under construction. Over 2019 the market increased by 4.4%.

8. Zurich, Switzerland

Out of all the cities Zurich had the lowest percentage of renting with negative interest rates. It is believed that these factors have driven investors to accept and buy properties. Over 2019 the market increased by 4.5%.

7. Geneva, Switzerland

Geneva’s real estate market is well supported. The city has remained a favourite among people and is noted for its political stability. Over 2019 the real estate market in Geneva grew by 5.6%.

6. Guangzhou, China

Guangzhou property market is very strong with the report revealed that over the last 5 years the market has grown by 92%. Guangzhou comes in as 6^th as the market increased by 6.2% over 2019.

5. Berlin, Germany

Prices for residential property have risen in Germany however due to low-interest rates investors have continued to but in their home country. Interest rates have fallen from 4.33% to 1.65% in nearly a decade contributing to the 6.5% growth in the real estate market for 2019.

4. Manila, Philippines

Manila has reported steady economic growth over the years with increasing housing prices. This stability has contributed to the real estate market increase of 7.4% over 2019.

3. Taipei, Taiwan

Property markets in Taiwan have picked up, many attribute this to the number of factories moving back to the area due to the trade war with China. Ricky Huang, general manager at Savills Taiwan commented: “They want to relocate back to Taiwan, so this boosts the transaction of industrial and office property.” The real estate market grew by 8.9% in 2019.

2. Frankfurt, Germany

Research shows that Frankfurt has benefited from Brexit with many UK firms leaving the UK. As of January, around 25 UK based banks have moved from London to Frankfurt this has influenced the real estate market plays a role in the 10.3% increase seen in 2019.

1. Moscow, Russia

Moscow, Russia takes the number one spot on the report. With high demand and numerous luxury projects completed in Moscow, the real estate market grew by 11.1% in 2019.

Disclaimer: HighWorthCitizen.com is not intended to provide legal, tax or investment advice, and nothing on HighWorthCitizen.com should be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any asset by HighWorthCitizen.com or any third party. You alone are solely responsible for determining whether any investment, asset or strategy or any other product or service, is appropriate or suitable for you based on your investment objectives and personal and financial situation. You should consult an attorney or tax professional regarding your specific legal or tax situation.

Image source by IC4 Team