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London and New York have property X-factor

Posted by: In: Real Estate 09 Apr 2014 Comments: 0 Tags: ,

Long-term attractiveness and stability mean London and New York head the list of 12 top world cities with real estate X-factor, but Paris and Singapore are close behind, says top agent, Savills

When it comes to the city property X-factor of long-term attractiveness and stability, London and New York are the joint winners.

Paris and Singapore are the runners-up in the exclusive world X-factor rankings of 12 cities, say the judges from leading global real estate agent, Savills.

For residential real estate investment yields, Tokyo leads the way, followed by New York and Paris, while the lowest returns are in Mumbai, Moscow, and Rio de Janeiro.

The current hottest property markets are Mumbai, Hong Kong, and Shanghai, with New York joining Sydney and Moscow among the coolest markets at present.

Looking at the X-factor, Savills has classed cities on their prominence and fame, as well as economy and size – all of which help determine cross-border investment performance of their real estate now and in the future. Global competitiveness, connectivity, international visitors and web search data, help determine overall world city status.

The results show that Singapore and Paris are starting to rival London and New York, while Moscow, Mumbai and Rio de Janeiro are less-established …read more

Source: OPP



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