World Residential Markets 
Performance and Prospects | 2015 – 2016

Housing Investment Consultancy
World Residential Markets

7 September 2015, by Yolande Barnes

Where next for global property investment? We assess the performance and prospects of residential markets across the world.

Residential real estate markets are, by definition, local, rooted to the earth in a particular time and place. Most are not traded globally like gold, commodities, equities and bonds although there are global forces at work on them and shaping their future.

Success in buying homes or residential property investments abroad therefore depends on understanding which forces are local and which are more universal.

This new publication contains information on a wide range of popularly invested residential real estate markets around the world. They range from small, top-end resorts through well-known regions to major world cities.

 

While they are unusual in attracting significant amounts of crossborder money, they are all subject to underlying demand and supply factors which govern the way that markets move worldwide.

"Success in residential property investments abroad depends on understanding which forces are local and which are more universal"

Yolande Barnes, Savills World Research

The challenge for this publication was to identify these basic factors which all markets have in common. The exercise meant that we have been able to put to one side the issues with which local commentators may be currently fixated and instead focus on the basic, longer-term market drivers which are relevant to all markets.

The three metrics that we identified as having the greatest fundamental influence on housing markets generally are detailed in our Market Overview.

They determine the directions of markets but, overlaying these macro-level issues are a series of cultural, policy and even psychological factors like the reputation of some jurisdictions as ‘Safe havens’ which can make an enormous difference to how they perform, especially in the short term.

Location by location

Our location by location commentary covers the local news and considerations relevant to residential investment markets in 27 different places around the globe. They reveal some very different approaches in different jurisdictions to residential property issues, ranging from golden visas to cooling measures, for example.

This approach of national trends overlain by local and policy issues has enabled us to form a robust view on where the different markets may be headed in future. As most of the markets we cover are prime city or prime and ‘second home’ resort, we have also taken a view on how they may differ from the nation’s mainstream housing market. These prognoses, a mixture of empirical analysis and qualitative evaluation, are outlined on Prime Market Dynamics.

Articles from World Residential Markets 2015 – 2016

Why Housing Markets Differ Across The Globe

Which markets have seen the end to the boom and bust cycle and which ones never busted?

Buyer Flows Shape Global Residential Markets

Who is buying where around the globe.

Major Trends For International Investors

International investors will do well to look outside of the prime markets in major cities. We suggest some alternatives.

The World Residential Price League

How do the prime price points compare in residential markets across the globe?

Savills World Residential Investability Ranking

We forecast the performance of prime-city and second-home markets relative to their country.

Location by Location: Europe

07 September 2015

Location by Location: Europe

Buyers are attracted by cheap prices and stabilising economies into some markets.

Location by Location: United Kingdom

Prime London property is regarded as a safe haven for investors.

Location by Location: France

07 September 2015

Location by Location: France

The French residential market remained resilient following the global financial crisis.

Location by Location: Spain

07 September 2015

Location by Location: Spain

Economic conditions remain challenging in Spain, although the residential market appears to have stabilised.

Location by Location: Portugal

07 September 2015

Location by Location: Portugal

Portugal's golden visa scheme has proven successful in stimulating prime residential markets.

Location by Location: Italy

07 September 2015

Location by Location: Italy

The Italian market is showing signs of improvement as transcation levels are recovering in major cities.

Location by Location: Switzerland

Price growth is slowing as the government introduce stricter lending requirements.

Location by Location: North America and the Caribbean

The US housing market recovery is well underway while the Caribbean market is attractive for investors.

Location by Location: USA

07 September 2015

Location by Location: USA

Prime markets in many US cities have already exceeded their former peaks.

Location by Location: The Caribbean

The Caribbean is home to some of the world's most exclusive residential markets.

Location by Location: Africa and the Middle East

The potential for property investment in this region is vast given the size of population, rate of urbanisation and economic development.

Location by Location: South Africa

Foreign investment has been witnessed across all sectors.

Location by Location: United Arab Emirates

The UAE is a safe haven for both local and international investors in the Middle East.

Location by Location: Asia Pacific

An ageing population and growing consumer affluence for growth in leisure resorts offers huge opportunities for investors.

Location by Location: Hong Kong

Hong Kong is now the most expensive major world centre in which to buy a residential property.

Location by Location: Singapore

Singapore's market cooling measures have proved very effective.

Location by Location: China

07 September 2015

Location by Location: China

The Chinese view real estate as a reliable store of wealth.

Location by Location: Australia

Residential prices in Australia have continued to grow.

A Sense of Adventure

07 September 2015

A Sense of Adventure

Investors seek opportunities in more peripheral locations and higher-yielding secondary property as an alternative to first-tier cities.

 
 

Key contacts

Yolande Barnes

Yolande Barnes

Director
World Research

Savills Margaret Street

+44 (0) 20 7409 8899

 

Paul Tostevin

Paul Tostevin

Associate Director
World Research

Savills Margaret Street

+44 (0) 20 7016 3883

 

Hugo Thistlethwayte

Hugo Thistlethwayte

Head of
International Residential (Operations)

Savills Margaret Street

+44 (0) 20 7409 8876

 

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