Asia Pacific property on top of world

June 24, 2010 - PRLog -- Asia Pacific countries have taken the lead as the quickest growing property markets in the world.  An independent survey of 47 countries by real estate agents Knight Frank revealed Hong Kong as the new world leader in the housing market, producing a 68% annual price rise.

Other Asia-Pacific countries experienced smaller price rises, Australia being named as the 4th largest with a 20% annual price increase and New Zealand ranking at 15th with a 6.8% rise.

"The top four positions in our rankings are all occupied by Asia-Pacific locations, whilst Europe dominates the bottom half of the table..." said Liam Bailey, the head of residential research.

Sustained growth can be seen as property price falls slowed in most depressed markets...in fact 25 countries have all reported increases with price drops mostly attributed to European countries.

Prices for Britain rose by 8.8% as Asian investors have been attracted by a weak pound and a rise in rents.  The US however experienced a small price rise of only 2.3%.  Although, last year's best performer Dubai suffered the worst drop, falling by 8%.

Asian Investors buy a fifth of ALL London Properties

Asian investors are now buying more than a fifth of all central London new-build properties, and now account for 49 per cent of all investment purchases in central London, according to a new international investment report by Knight Frank.

The report went on to say that of the 7,595 new-build properties completed in the 12 months to March 2010, 41 per cent of these were bought by investors rather than owner occupiers.

This is HUGE....

An incredible 49 per cent of all investors in the 12 months to March 2010 were Asian, 11 per cent were from China and Hong Kong, 10 per cent from Singapore and 7 per cent from Malaysia. Knight Frank estimates that over the last 12 months the total volume of Asian investment has totalled £761million.

The report goes on to say, "The power shift from the West to the East is having a massive effect......the purchasing power of an Asian buyer is far greater than U.K. buyers – the U.K. resident is suddenly 30 per cent poorer against an Asian resident.”

Yes, you read that right....."The U.K. resident is suddenly 30 per cent poorer against an Asian resident".....and that goes for the rest of Europe and America too.....Asia is dominating the world economy......and Asian Investors CANNOT be ignored.

Cash in on the lucrative Asian market NOW....

Contact rebecca.smith@oceanvillasgroup.com to find out how

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Ocean Villas Group are specialists in lifestyle and investment property worldwide and are committed to supporting investors in both the emerging and established property markets across the globe.