|With investment in overseas properties becoming more popular amongst Singaporeans, it is important to be equipped with knowledge on which markets would be ideal for your client. Read on for excerpts as to why experts and analysts we interviewed think cities like Dubai, London and Bath presents sound opportunities or download our Agent Handbook full articles!
RIGHT TIME TO INVEST IN LONDON PROPERTIES AS MARKET STABILISES
Analysts expect London’s prime housing market to stay relatively subdued for the rest of 2015, but they are optimistic that the market will recover in Q1 2016. In fact, industry-watchers are forecasting price growth to return to the market in 2016 and values to rise by 22.7 percent over the five years to the end of 2019.Cluttons’ head of research, Faisal Durrani, also shares his views on London’s property market moving forward: “There is no doubt that the results of the general election have helped to re-inject confidence into the market that had receded early on this year. Our outlook for the rest of the year is for increased stability in the market and a return to a more normal state of activity, as buyers and vendors have returned to the market following a conspicuous absence of activity.”
BATH POWERING AHEAD
REPORTLLAccording to a Knight Frank research report, values of prime property in Bath have outperformed the wider prime market in the UK amid current market conditions. Knight Frank’s index, which tracks the value of prime property in Bath, revealed that the average price of a home in the city rose by 2.8 percent between January and June this year, and by 5.3 percent on an annual basis.
“Such growth means that values have outperformed the wider prime market in the UK where prices have risen by 1.8 percent so far this year and by 2.3 percent over the 12 months to the end of June,” the report said.
EXCELLENT BUYING OPPORTUNITIES IN DUBAI AMID SOFTENING MARKET
While the general REIDIN rental index remained flat year-on-year in June 2015, the sales index dropped eight percent for the same period, with declines in apartment sale prices exceeding that of villa prices. The report added that the market is expected to continue to see a downward trend in prices for the rest of the year and into 2016.
While some might stress over the continued fall in property prices, analysts feel the softening market presents a great buying opportunity ahead of a likely rebound in Dubai’s property sector as activity increases in the run-up to 2020.
The above analyses are excerpts from our latest Agent Handbook (October – December 2015) which provides you with the ‘Guru View’ from industry thought leaders to perform better in the local and overseas markets.
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