19 Dec '17, 11am

Paris, Hong Kong, Singapore and Geneva to see property price growth in 2018

Paris, Hong Kong, Singapore and Geneva to see property price growth in 2018

Prime residential markets in Paris, Hong Kong, Singapore and Geneva are expected to see a healthy price growth of 9 percent, 7 percent, 5 percent and 3 percent respectively next year, according to a report on Prime Residential Cities 2018 Forecast by Knight Frank, the independent global property consultancy. Paris, a market that has struggled to see strong price growth in recent years, is benefiting from the improved economic outlook for the Eurozone. Helped by healthy demand from the US, the Middle East and Europe, the market is expected to see healthy price growth next year, perhaps up to 9 percent, says the forecast that covers 13 cities. Hong Kong, with ongoing demand from mainland China, is likely to post the strongest growth of major Asian urban markets during 2018 with a 7 percent rise by the year-end. Singapore (5%) and Geneva (3%) could prove to be the most improv...

Full article: http://www.moneycontrol.com/news/business/real-estate/par...

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