Our World Cities have had some very different experiences over the past five years and stand at different points in the property market cycle. Some ‘Old World’ cities like London and New York crashed after the North Atlantic financial crisis while others, like Sydney and Singapore continued to grow steadily. Others still, like Shanghai and Rio, were not only unaffected but positively boomed.
This variety of market experiences means that there are a variety of prospects for real estate owners and investors in each city. These prospects vary between commercial and residential property and between prime and mainstream residential but in general, real estate prospects for the next five years fall into five categories of varying price movements and degrees of volatility.