Top 10 Cities/Places To Own Real Estates In The World

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They say, real estate is having a moment – and rightly so. The two-year hiatus of the pandemic seems to be dissolving. The global real estate sector and that of India as well has gained immense momentum and confidence from investors and the public starting in mid-2022. It is safe to say that consumer sentiment toward real estate has bolstered owing to low-interest rates, initiatives by governments, and discounting strategies opted by builders.

Needless to say, to celebrate this wave of enthusiasm in the sector, we felt obliged to talk about places that are tempting to explore and lucrative to invest in – and we come with places from around the world.
Today, we analyse the top 10 places in the world to own real estate. Before we begin, let us remind you that our little analysis of these top 10 places is based on the most recent housing trends, rent pricing, economic growth, rate of appreciation, government support, and quality of life.

1) Venice

Call it a miracle but the woes of the recent global pandemic have barely impacted the Italian real estate. Venice is an explorative market – including its most recent idea of renovation of its buildings to make them more durable and retain their essence. Venice attracts a lot of buyers as they immediately understand how the country behaves. Venice is a small world, nothing is too far away. You will not only find better value for your money but also own original properties dating back centuries.

2) Abu Dhabi

Classy coupled with comfort is how we describe real estate in Abu Dhabi. That is not the best part, though. One of the main reasons why Abu Dhabi hits our list as the best place to buy real estate is the transparency and simplicity of the process. Buying properties is a piece of cake here. Documents are easy and free of jargon – the procedures are simple and clear with government intervention at all steps. Additionally, real estate is very diverse here and constantly multiplying.

3) Dubai

The good old Dubai. Beats the likes of London and New York on many days. From the tallest tower to a man-made palm island to residential properties that define luxury and comfort – we wonder if there is anything that Dubai does not provide. Dubai offers superior gross yields ranging anywhere between 8% and an average return of 7.5% – thus prompting various global investors to buy properties here. You should hop on the train before it’s late.

4) Los Angeles

If you thought Los Angeles is home to Hollywood movies and all the jazz – you might want to rethink. In the past decade, this city has become home to reputed colleges and top companies. This mammoth development has attracted refugees, builders, and investors alike. Very recently owing to its rich culture and development, Los Angeles has attracted a lot of Chinese capital. Los Angeles has also registered a boost in demand for office space and residential property. It is also touted as a millennial-friendly place and thus, one of the best places to buy real estate in 2023.

5) Mumbai

City of dreams, dreamy coastlines, and of course the financial capital of India. Mumbai is India’s largest real estate market brimming with opportunities in office and commercial realms – including both luxurious and cost-effective housing options. We’d say right now is the best time to buy real estate in Mumbai – owing to various new projects marking their presence. As of late, Mumbai has also witnessed a spike in the working population curious to invest in residential properties. Corporate investments are also on the rise.

6) Panama

One of our favourites and also one of the most exciting places to buy real estate. Panama is an impressive city for two major reasons – rental apartments and lucrative agricultural opportunities. In Panama, investors are betting on betting the dip. It is a buyer’s market this year – as it is bullish on rentals. Additionally, yields continue to be stronger because of low rents. What’s surprising is even while other markets in the same region have collapsed, Panama has managed to clock a steady growth.

 

Stock market stuff aside, in short – Panama is a buyer favourite right now. Grab the opportunity while you can.

7) Portugal

Ronaldo might just not be the best thing about Portugal. Its real estate market has caught global attention even before the pandemic. Some properties are priced at a rate that makes them a worthy investment. This year, we would recommend focusing on the lesser publicised areas of the Algarve coast and the Porto region north of Lisbon.

Also, did you know that Portugal is one of those places where non-residents can easily get a mortgage without much hassle?

8) Turkey

If you have been following the news, you’d know that Turkey is having a path-breaking year for property sales going up as high as 107% compared to pre-pandemic sales. And the majority of buyers are foreigners. Global investment and purchases of real estate have multiplied. Simultaneously, Turkey is fast becoming an attractive destination for work, living, and investment opportunities – making it one of the best places to buy real estate.

9) France

Irrespective of the prices, our love affair with Paris will never end. A small piece of Parisian real estate is always a bucket list dream – both literally and wealth-wise. However, Paris is always welcoming global investors by offering relaxation and bargains. It is also yet another place where foreigners are seamlessly eligible for in-country financing.

Also, Paris records historically low-interest rates for mortgages – for foreigners, as

little as 2.05% with loan-to-values as high as 85%. Need we say more?

10) Dominican Republic

Fun fact about The Dominican Republic – it was probably one of the first cities in the world to have immediately bounced back from the severe tourism blow by the global pandemic. And that says a lot about the place and its ability to withstand challenges.

The Dominican Republic now enjoys strong growth fueled by strong foreign investment. This place offers great opportunities to buy and keep real estate and can prove to be an excellent source of cash flow that can offer you good appreciation for your capital.

So! Hope you gathered a few takeaways from this list and probably made up your mind to buy/invest. If not, we would rest knowing you at least now know this valuable information. As always we are here to help you take baby steps – we know the process of buying real estate can be tricky.

 But, as of now – share this blog with your real estate buddies and friends, and let us know in the comment section which place would you like to invest in. We look forward to knowing your thoughts!