25 Nov '16, 9am

Upturn Expected for 2017 Global Property Market

Vancouver, along with Shanghai and Sydney, is expected to outperform other cities in terms of residential property next year. The 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’s Regional Head of Asia Pacific. Taipei Times reported that Coppel believes “the 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’s largest economy”. However, 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’s stance on cross-border trade creates uncertainty in the medium- and long-term, Trump’s rhetoric ...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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