According to an article in Overseas Property Professional, the recent MIPIM property investment seminar highlighted very few investment hotspots.
Apparently residential property in Asia is where we should all be investing. One example given was Vietnam, which has a developing tourism industry, but that is not where to invest, according to a David Blackhall of VinaCapital Real Estate, it is the local residential housing projects which have the biggest growth opportunities.
I have to say, I would be very disappointed to have had to pay good money to go to MIPIM just to pick up that pearl of wisdom in the Trends in Asia Pacific Property Markets seminar, something which is pretty much common knowledge among anyone with even a passing interest in overseas property markets.
Asian population and economic growth is among the fastest in the world, and in most countries the demand for affordable housing among the newly employed is growing far faster than developers can keep up with; so it doesn’t take a rocket scientist to work out that affordable housing is a good investment in any of those countries – Vietnam being one of them with bells on.
The South-East Europe – Riding Out the Storm seminar was apparently very tough on the region it spoke of, pointing out roaring liquidity problems and massive price falls in almost every country in the region. Bulgaria, Romania and Greece were picked out as among the worst performers.
Turkey on the other hand was picked out as the exception to the rule. According to those in the know the worst of the crisis is over in Turkey, and while liquidity problems remain, growth is expected to resume this year. Turkey’s population growth of 1.2 million per year was highlighted as a massive strength for residential investment.
Serbia and Ukraine were also highlighted as worthy of investment in the South East Europe region.
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