Predicted Growth for International Property Market in 2010
May - 27 | 
8 comments. | 
Overseas Property News
The International property market has experienced a gloomy couple of years but it now seems that fresh optimism is spreading across the globe with an assurance that the market is back on track for growth in 2010 and beyond.
New York and London properties markets have mirrored the continuous price increases in the East (Hong Kong and Singapore) over the past several months. It is this proven data that is giving the market this new buoyancy. In fact places like London, with the low interest rates and weak pound are even more attractive for the foreign investor.
As soon as the wheel of optimism gains momentum in the market, then it quickly spreads, and with the first quarter of 2010 now behind us there is every reason to be positive about the International market. Latest reported property management figures show an increase of 60% on international enquires versus last year. The countries which are leading the way are Cyprus, Portugal, Spain in France and the South Eastern coast of Florida for the States. Their figures also show that the end user market is rebounding slightly faster than the investor market.
A key indicator of the new confidence and growth is the fact that many major real-estate companies have now re-entered the market after a period of absence, after the global recession took a break from this market but have recently announced that they have new projects in the pipeline for specific markets.
So, with major international cities experiencing an increase in both prices and the level of enquires twinned with the new optimism for the international market, it certainly points to growth in 2010 in the global market place.
The market is ready for growth. It all depends whether the banks are ready to start lending again.
I would like to think so, as an agent on the Costa del Sol I can state that since the start of 2009 the number of viewers increased a lot followed with higher numbers of sales months later, a trend still continuing.
low risk investments is good for the investor, because it will surely provide profits in the future. Proper investments will help the investor to gain more profits
Its a buyers market right now, get in while you can, and if you see a bandwagon your already too late.
That is certainly some positive news on the property market from a global perspective. Here in Australia things have been quite steady and perhaps a little flat. Hope the economic conditions continue to improve and that housing growth worldwide is on the increase. Otherwise where are we going to house everyone and keep the economies going.
There has definitely been a increase in the number of people interested in Overseas Property Investment since the beginning of the year. I would like to believe that this was the beginning of an upward curve again
On the Gold Coast Australia our market has only dropped back slightly, now developers are moving back in, I feel the market will pick up over the next few months.
I am sure the rest of the world recovers soon too.