Dublin holds the top spot in 2018 on the list of cities where it is worth buying a property, according to specialists cited by mansionglobal.com. The reasons why the Irish capital ranks first are economic growth and, especially, the increase in the number of inhabitants, an aspect closely linked to the growth of capital and demand, which is not found in most European cities.
The German capital ranks second in the top cities where it is worth investing in real estate. Specialists say that in Berlin, rent levels will increase by 4%, while luxury property prices will rise by 7% in 2018. Thus, although house and apartment prices in Berlin have doubled in the last ten years, their level remains reasonable but is continuously growing.
The stability of the real estate market, especially in the luxury property segment, as well as incentives granted to professionals in various fields and retirees, make Lisbon one of the cities where you stand to gain if you invest in real estate. Another asset of the Portuguese capital is the Golden Visa program. This provides that foreign investors who buy a property more expensive than 500,000 euros have the right to apply for citizenship six years after the transaction is completed.
Paris also represents a safe choice for real estate investments in 2018. Specialists expect a 9% increase in property prices in the French capital this year, where the price per square meter currently stands at around 18,000 euros. Trocadero and the Eiffel Tower are the landmarks recommended by connoisseurs, who say that the superb views offered by homes in those areas facilitate their sale at any time.
Cities to avoid in 2018
Cities in South Africa, Spain, Malaysia, as well as Istanbul, will be avoided by real estate businesspeople in 2018 due to the risk represented by political issues in these areas. Consequently, many cities in the Middle East – Doha, Qatar, Abu Dhabi, and cities in Saudi Arabia – are considered risky by many people.
At the same time, experts recommend avoiding transactions with properties in major Chinese cities – Shanghai, Beijing, and Hong Kong. Besides the fact that it is very complicated for foreigners to buy houses, land, or apartments there, prices have risen significantly recently, and profit is now at a very low level.
Source: Imopedia/Media
Frequently Asked Questions
Why is Dublin considered the best investment destination in 2018?
Dublin ranks first due to its robust economic growth and increasing population, factors that drive high housing demand unlike most other European cities.
What advantages does Lisbon offer to foreign investors?
In addition to market stability, Lisbon offers the Golden Visa program, which allows investors purchasing properties over 500,000 euros to apply for citizenship after six years.
Which regions should be avoided for real estate investment this year?
Experts recommend avoiding areas with political instability, such as Istanbul or the Middle East, and overheated markets in China where profitability is currently very low.