CNN: Forget New York, London and Hong Kong. These 12 cities should give wealthy real estate investors the best returns over the next few years, according to Savills, Candy & Candy, and Deutsche Asset & Wealth Management.
- Beirut, Lebanon
- Cape Town, South Africa
- Chennai, India
- Chicago, U.S.
- Dublin, Ireland
- Istanbul, Turkey
- Jakarta, Indonesia
- Lagos, Nigeria
- Melbourne, Australia
- Miami, U.S.
- Panama City, Panama
- Tel Aviv, Israel
Despite its violent history, Beirut stands out as being an ideal place for adventurous real estate investors, according to a new report from Savills World Research, Candy & Candy and Deutsche Asset & Wealth Management.
Yes, there has been some recent spillover from the ongoing Syrian conflict. But the Mediterranean coastal city is known for its culture and nightlife, which attracts a young population, said Yolande Barnes, director at Savills World Research. It’s also known as a regional financial hub.
“Real estate in the city still looks very cheap by international standards,” said Barnes.
Prices for two-bedroom apartments tend to range from $180,000 to $500,000, depending on the location.
