{"id":35810,"date":"2016-11-25T11:00:29","date_gmt":"2016-11-25T04:00:29","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/upturn-expected-for-2017-global-property-market\/"},"modified":"2016-11-25T12:11:11","modified_gmt":"2016-11-25T05:11:11","slug":"upturn-expected-for-2017-global-property-market","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/upturn-expected-for-2017-global-property-market\/","title":{"rendered":"Upturn expected for 2017 global property market"},"content":{"rendered":"


\nVancouver, along with Shanghai and Sydney, is expected to outperform other cities in terms of residential property next year.
\nThe global real estate market will likely improve in 2017, on the back of a predicted advancement in the global economy and strong demand in prime locations, according to Kevin Coppel, Knight Frank\u2019s Regional Head of Asia Pacific.
\nTaipei Times reported that Coppel believes \u201cthe election of Donald Trump to the US presidency sends positive messages to the global property market, as his promise of tax cuts and infrastructure projects will stimulate growth in the world\u2019s largest economy\u201d.
\nHowever, he also noted that any improvement would be modest, as various countries keep their property cooling measures in place to rein in the soaring prices. While Trump\u2019s stance on cross-border trade creates uncertainty in the medium- and long-term, Trump\u2019s rhetoric has become more subdued since winning the election.
\n\u201cUncertainty is most unfavourable for investment markets, but real estate has proved relatively safe, compared with other investment tools,\u201d said Coppel.
\nHe expects Shanghai, Sydney and Vancouver to outperform other cities within the residential market, and Hong Kong, Tokyo and Sydney to lead the recovery in the commercial market. Chinese investors are expected to play an important role in both segments.
\nHe does not also expect London, which has served as the world\u2019s financial centre for the last 400 years, to lose this status after the Brexit vote. In fact, social media giant Facebook and US banking service provider Wells Fargo have expressed their continued commitment to London.
\nAt the same time, Coppel added that a weaker pound has made London property cheaper and more attractive.
\n\u00a0
\nCheryl Marie Tay, Senior Journalist at PropertyGuru, edited this story. To contact her about this or other stories, email cheryl@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Upturn expected for 2017 global property market<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Vancouver, along with Shanghai and Sydney, is expected to outperform other cities in terms of...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-35810","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-9jA","jetpack-related-posts":[{"id":162423,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/global-economy-doing-better-than-feared-says-imf-top-boss\/","url_meta":{"origin":35810,"position":0},"title":"Global economy doing \u2018better than feared\u2019, says IMF top boss","date":"October 9, 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