According to the main statistical data, Paris will be the number one in 2020 for real estate. Followed by Berlin and Miami, it is the perfect trio for the world’s real estate.
So, if you too are curious to know why Paris in 2020 will be so coveted, you are in the right place! We at Realigro have created a small report about a small report about it, to give you all the information and, above all, to guarantee you an extra gear if you are interested in buying a property in Paris. Ready? We can start!
Ready? We can start!
But what are the strengths that make Paris so attractive on the real estate market in 2020? First and foremost, stability! Paris differs from many other countries in that it enjoys enviable economic stability! We also remember that French capital has very low interest rates. The demand, in addition, is of second homes. This means that the Parisians are the first to look for a second property to buy. What can I say, Paris will take off in 2020!
Immediately after Paris, in 2020, we will find Miami and Berlin on the podium. Why are these two wonderful cities, so different at the same time, also distinguishing themselves?
Although prices have risen by 5%, the strong demand for urban regeneration and various redevelopment projects will bring more interest to the city of Berlin.
Especially in Miami, however, there will be great economic benefits guaranteed by the continuous momentum of the tax and land deduction.
But at a global level, what will be the real estate forecasts in 2020?
A slow but significant recovery is in the cities of Geneva and Sydney. What is the reason for the great confidence in the real estate markets of these large metropolises? Without a doubt, a fundamental element is the significant investments in transport. In detail we remember the Leman Express, the CBD and the South East Light Rail.
The position of Los Angeles also remains solid, with a good +2 % it represents a very active market, with a demand for properties of the highest level. The reference segment is in fact that of luxury, above 10 million dollars. The market is slower than the one below 2 million, but still significant.
Obviously there is no shortage of representatives of the Asian market. How can we not mention Hong Kong? After having distinguished itself in 2019, its positive trend will probably continue unabated. Although prices will be quite static, there will be important transactions, especially with the European market.
Last but not least, is the London luxury market. As we anticipated, many London portfolios have been the protagonists of real estate investments in the world. However, it will not be Brexit that will make this interest disappear both towards London as an incoming macro-area but also as an outgoing (in terms of capital).
So, are you ready to invest in 2020?
Read also: Property for sale in France
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