22 THE GOLDEN YEARS 25 OCTOBER 2015 Retirement Planning & Property Hot property for investors
Chris May picks the top hotspots across the globe offering good value in bricks and mortar
Jakarta, Indonesia Investors continue to snap up the luxury apartments appearing across the Indonesian capital, one of the world’s fastest-growing property markets. Unlike some of its well-heeled neighbours — particularly Hong Kong and Singapore — Jakarta still offers relatively affordable property, with appetisingly high returns. Pondok Indah, oſten referred to as the Beverley Hills of Indonesia, is a notable hotspot.
Bengaluru, India ‘India’s Silicon Valley’, Bangalore (officially known as Bengaluru) is the country’s leading IT exporter. Its loſty elevation helps give the city a pleasant climate all year round, which partly explains its status as the second most rapidly-growing metropolis in India. Tanks to excellent transport links — notably the Metro line — the majority of demand is focused in J. P. Nagar, a neighbourhood in the south of the city. Sarjapur Road has prices below 5,000 rupees (£50) per sq ſt, making it a recommended location for budget housing.
Melbourne, Australia Sydney may be in the spotlight for its high rate of capital growth, but Melbourne has seen five years of at least 15% annual growth since 2000. Melbourne is Australia’s second most populous city and has been named the world’s most liveable city for five consecutive years, chiefly due to its superior education, healthcare and sports facilities. Te suburb attracting the most attention at the moment is leafy, tranquil Mount Waverley, having recorded a whopping 20% median house price growth within just one quarter.
Nairobi, Kenya Te ‘Safari Capital of the World’ is one of Africa’s largest cities and home to a large number of green spaces, including the prominent Uhuru (Freedom) Park and the Upper Hill neighbourhood. Nairobi offers residential areas of all types, so there’s something for everyone. If your taste leans towards the historic, Karen may be ideal for you. For those who enjoy contemporary living, affordable Highridge, situated near to a range of amenities. But for ultimate luxury, Muthaiga is home to Nairobi’s most prestigious addresses.
Paris, France Dubbed the world’s most romantic city, Paris is a top tourist destination renowned for its museums, landmarks and architecture. Two-thirds of Paris’s 1.3 million residences are studio and two-room apartments. An area to watch is trendy Batignolles- Monceau, offering everything from affordable to luxury accommodation. Prices here average from €1,400-2,000 (£1,000-£1,500) a month for a two-bedroom apartment.
Vancouver, Canada Te seaport city of Vancouver in Canada’s British Columbia is popular for its luxurious high- rise living, scenic gardens and sea and mountain views. For over a decade, Vancouver has been voted one of the world’s most liveable cities and it’s known as the ‘city of neighbourhoods’ due to its diversity and the varied lifestyles it caters to. Port Moody provides the best value for money, averaging under $700,000 (£352,000). Prices across Vancouver range from just under $450,000 (£226,500) to under $3m (£1.5m).
Miami, USA One of America’s key finance and trade hubs, Miami is also famed for its Atlantic Ocean beaches, pastel-hued Art Deco homes, varied entertainment and glorious, sunny weather — all complemented by luxurious property. Te obvious hotspot is Downtown Miami — the fastest-growing urban centre in the US. In under eight years, more than 23,000 luxury apartments have shot up across the city, cementing its reputation as an essential addition to any world-class property portfolio.
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On the market
Cape Town, South Africa With its many urban attractions, world-class waterfront and iconic Table Mountain, it’s no wonder overseas buyers are eager to stake a claim in the South African capital. Tere’s particular interest in the Atlantic Seaboard, with epic sea views and easy access to the centre. A four-bedroom house here, in Fresnaye, is offered for R200m (£9.7m) by Pam Golding
Edinburgh, Scotland Edinburgh boasts the strongest economy of any UK city bar London. Te Scottish capital is particularly popular with younger buyers, while increasing
numbers of people from outside Scotland are heading to the cosmopolitan city, lured by its thriving economy and historical attractions. Sotheby’s offers a six-bedroom country house in Blackhall for £6m
London, England Te UK capital remains one of the world’s key investment hotspots, with a variety of booming sectors, from commerce to entertainment and transport. A location creating a stir right now is Croydon. A £1bn regeneration, centred on a new Westfield shopping centre, is transforming the once-dreary south London borough into a premier shopping and leisure destination. Properties here average £309,000.
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