Emerging real estate hotspots in the developing world
The real estate market has had its fair share of booms and busts and for many experts, the industry should expect a new list of rising locations that will soon top the charts of the up-and-coming property hot spots outside of the developed world.
After the price stagnations experienced by some of the top real estate hubs in the West, many investors are seeking refuge in the promising markets of the developing countries, taking on additional risks while confidently hoping for long-term price appreciation.
Here are some of the cities with the most attractive property markets today:
- Jakarta, Indonesia
Indonesia may be a relatively small country but its 260-M population is driving an unprecedented growth in foreign investment, specifically in the real estate market.
The center of the expected boom in property investment is in Jakarta, the country’s rising superstar that is currently experiencing a surge in development. Furthermore, it’s an ideal feeder market to major economic hubs like Malaysia and Singapore.
- Ho Chi Minh City Vietnam
Vietnam is considered as one of the fastest growing nations in the Southeast Asian region, with an expected GDP growth of approximately 6.5% in 2020. Most experts agree that the country’s economic growth can be credited to its growing Foreign Direct Investment (FDI).
Even if Vietnam only recently opened up the country’s property market to foreign investors, the move has delivered impressive results and further encouraged fast economic growth, thanks to the government’s effort s to promote low entry costs and favorable policies to investors.
- Mexico City, Mexico
The Mexican city has been an important economic gateway to Latin America and its emerging economy has caught the attention of many big investors in and outside the country.
Thanks to Mexico City government’s efforts for redevelopment and the support of its middle class, the city is being transformed one neighborhood at a time. Furthermore, experts are looking at the city’s full range of property prices that are especially attractive to both small and big investors.