Looking to add to your portfolio in 2016? When it comes to property, location matters.
A thriving city, town or resort will add great value to an investment so picking the right place at the right time is crucial if you are to get the most from your money.
While the London market continues to perform strongly you only need to look over the pages of FT Property Listings to see that there are places across the globe that can match its quality and, on occasion, deliver even better potential.
Here are five of those worth looking at in 2016:
The annual Emerging Trends in Real Estate Europe report for PWC and the Urban Land Institute pinpointed the German capital as its number one city for 2016, a position it also held in 2015. The city might not have the manufacturing might of Germany’s industrial powerhouses, but it has a burgeoning reputation for tech and innovation. Berlin is a hotbed for creativity and culture, attracting a young and trendy population and with a property market that shows good signs of growth. The Mitte central district continues to hold a strong attraction for overseas buyers.
Hong Kong Island is riddled with luxury properties and, with space at a premium, these continue to demonstrate sound investments, with Hong Kong continuing to thrive as a financial hotspot. Properties with a view – and a garden – are highly sought after. Outside of the traditional areas, New Territories in Sai Kung and Clearwater Bay offer an enticing lifestyle of beautiful beaches and sailing clubs.
Rio de Janeiro
Just two years after Brazil hosted the festival of football in the 2014 World Cup, the country again takes the world’s sporting spotlight this year when Rio hosts the Olympic Games. The Games run from August 5 to 21, followed soon after by the Paralympics from September 7 to 18. The Recreio area of the city offers the cleanest beaches and best quality of life in this booming city.
The beautiful Basque city of San Sebastián shares European Capital of Culture duties in 2016 with Wroclaw in Poland – a badge of honour that will only serve to add to its attraction.
Its Bay of Biscay beaches are matched in sheer quality with the quality of its restaurants, making this an ideal place to invest for a food lover. Paseo de Miraconcha – which overlooks the Playa de la Concha – is one of the most expensive addresses in the whole of Spain and is a must for the shortlist of any luxury buyer.
The cosmopolitan capital of Argentina’s Cuyo region, this city sits right at the heart of the South American country’s wine making territory. Its wide, leafy streets are lined with quality properties, making it the ideal place to soak up the best Argentina has to offer. Huffington Post predicts that conditions will be better for investors with the election of pragmatic new president Mauricio Macri and, with that in mind, Mendoza is the place to capitalise on this.