Category: Market Outlook

Vietnam Real Estate Market Outlook 2022: A Complete Overview

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Vietnam opened up to foreign property investors as late as 2015 and has experienced fast growth since. Buyers from Hong Kong, Mainland China, Singapore, and Korea in particular, see Vietnam as a lucrative market with high ROIs.

Unfortunately, the market was hit by the COVID-19 pandemic in 2020 and 2021, we saw prices and rents fall by double digits.

Many investors are eager to understand what the predictions are for the market in 2022. As borders start to open, real estate buyers can resume traveling and visit Vietnam, which is crucial.

In this article, we explain how the market has performed in previous years and our predictions for 2022.

Topics covered:

Vietnam’s Real Estate Market in Previous Years

Vietnam’s property market has emerged as one of the fastest-growing in Southeast Asia. Suffering from a housing bust in 2009, the market recovered in 2013 and has seen constant and fast growth since.

The reasons why investors have opened their eyes to Vietnam’s property market are:

Continue reading Vietnam Real Estate Market Outlook 2022: A Complete Overview

Dubai Real Estate Market Outlook in 2021: A Complete Overview

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Dubai has been popular among overseas investors and the real estate market grew remarkably throughout the 2000s.

With that said, Dubai’s property market has not performed that well in the past years. There are plenty of reasons for this, particularly its oversupply. If you plan to buy real estate in Dubai, you must know how healthy the market is and what you can expect for the coming year.

In this article, we review how the market has behaved in previous years, present data and statistics, and share what we expect for 2021.

Topics covered:

  • Dubai’s Property Market in Previous Years
  • Dubai’s Property Market in 2020 / The COVID-19 Pandemic
  • How will Dubai’s property market perform in 2021?

Dubai’s Property Market in Previous Years

The market has been turbulent since mid-2013 and had some of its worst years from 2015 to 2016 when real estate prices declined significantly. The market was then in a recovery mode from 2017 to 2018.

Prices and rents didn’t fall as much these years compared to the previous years. For example, the average sales price decreased by around -5.6% in 2017 according to Savills, while the average rents fell by -7%. Continue reading Dubai Real Estate Market Outlook in 2021: A Complete Overview

Indonesia Property Market Outlook for 2021: A Complete Overview

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Indonesia is set to become a new economic powerhouse in Southeast Asia, attracting more individual investors and corporations from overseas.

Increasingly more foreign buyers, especially from China, have spotted investment opportunities in Indonesia’s real estate market.

I believe that Indonesia’s property market will become one of the most interesting in Asia – once we see further changes to regulations of foreign ownership of property.

In this article, we review how Indonesia’s property market has performed in the past years and what our predictions are for 2021. Continue reading Indonesia Property Market Outlook for 2021: A Complete Overview

China Real Estate Market Outlook for 2021: A Complete Overview

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China’s real estate market has grown greatly in the past years and is a key component in the Chinese economy. We’ve seen both ups and downs with a big correction in 2015-2016, during the stock-market crash.

Currently, China’s economy has slowed down and we see an escalating trade war with the US. Besides, the COVID-pandemic had a negative on the market as countries were forced into lockdowns and investors became cautious.

With that said, China rebounded quickly and there were no restrictions of movement at the end of 2020. Besides, the country will be important for a quicker economic recovery in not only neighboring countries, but to the global economy as a whole.

In this article, we take a look at how China’s real estate market has performed in the past years and what the predictions are for 2021. Continue reading China Real Estate Market Outlook for 2021: A Complete Overview

Hong Kong Property Market Outlook 2021: A Complete Overview

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Hong Kong had a tough time in 2019 and suffered from a weakened economy, the ongoing trade war between the US and China, and violent protests.

In 2020, the city faced the same dilemma as COVID-19 spread globally and forced countries and regions into lockdowns.

With that said, Hong Kong has remained resilient despite these unrests. Since 2003, the market has seen a six-fold increase in the index of private home prices.

Prices dropped by as little as 4% from May 2019 until the protest broke out and the COVID-19 pandemic started. The demand has primarily been supported by low-interest rates and a great scarcity of land.

With that said, we move into unknown territories for 2021. In this article, I share my predictions for Hong Kong’s property market in 2021.

Topics covered:

  • Hong Kong’s Property Market in Previous Years
  • Hong Kong Property Prices in 2019
  • How was the market affected by the COVID-19 pandemic in 2020?
  • Why is Hong Kong property so expensive?
  • How will Hong Kong’s property market perform in 2021?
  • Is buying a property in Hong Kong a good investment?

Hong Kong’s Property Market in Previous Years

Hong Kong has the most expensive property market in the world, outperforming places like Singapore and Sydney.

Real estate prices have increased by double digits, making real estate inaccessible to many locals. As of 2020, houses averaged more than USD 1.2 million, which is kind of unbelievable.

Looking at real price increases, in the second quarter of 2018, the year-on-year price increase was 13.5%, which was a bit higher than the price increase in the first quarter of 2018.

At the same time, the average sales value per transaction increased by 8.4%, according to Colliers.

Colliers also reported that the supply of residential units increased by 12% in 2018 compared to 2017. The luxury residential rents increased by 4% in 2018.

Nowadays, you can buy a 10-bedroom house in many European countries for the same price as a 28 square meter apartment in Hong Kong. Besides, the average price per square meter in Ho Chi Minh City is only 14% of that in Hong Kong.

Hong Kong Property Prices in 2019

Looking at real price levels, the average price per square meter was around USD 22,507 in April 2019. That was almost twice as much as Singapore’s average of around USD 11,442.

Prices have grown strongly for over a decade, except for a brief slump in 2016 due to the mortgage rate hike. We also saw price decreases during the second half of 2018 and 2019. The Centa-City Leading Index CCL shows the price increases from 1996 – August 2019, which speaks for itself. Continue reading Hong Kong Property Market Outlook 2021: A Complete Overview

Philippines Real Estate Market Outlook 2021: A Complete Overview

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Philippines has become one of the hotspots for foreign property buyers in Southeast Asia. With favorable demographics and an increasing middle class, Metro Manila has undoubtedly seen the biggest interest.

Foreign corporations move to the region, setting up offices and operations in places like Cebu and Davao, where labor costs are low.

With that said, the COVID-19 had a profound impact on real estate markets all over the world and the Philippines was not an exception. Yet, this might result in a rebound in 2021.

In this article, I share our predictions for the Philippines’ property market in 2021.

Topics covered in this article:

  • The Property Market in Previous Years
  • How did the market perform in 2020?
  • How will Philippines’ real estate market perform in 2021?
  • What is driving the demand for real estate in the Philippines?

The Property Market in Previous Years

Continue reading Philippines Real Estate Market Outlook 2021: A Complete Overview

Singapore Property Market Outlook in 2021: An Overview

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Singapore’s real estate market has been one of the hottest topics in newspapers throughout 2020 and this will most likely continue throughout 2021.

Even if the economy has been affected badly due to the COVID-19 pandemic, the property market has performed surprisingly well with prices reaching new heights.

In this article, I share our predictions for Singapore’s property market in 2021. First, I will recap how the market behaved in previous years for you to better understand the current market climate.

Topics Covered:

  • Singapore’s Property market in Previous Years
  • Singapore’s Property Market in 2018 – What happened?
  • How will Singapore’s property market perform in 2021?
  • Will investors move from Hong Kong to the Singaporean market?

Singapore’s Property market in Previous Years

Singapore’s property market was in a downward trend since 2013 and finally began to show signs of recovery in the second quarter of 2017.

During the first and second quarters of 2017, property prices and rents were still declining while the demand and prices for land started to increase.

Still, the vacancy rates reached new record levels in 2017, contributing to a further drop in rents. Continue reading Singapore Property Market Outlook in 2021: An Overview

Malaysia Property Market Outlook 2021: A Complete Overview

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Malaysia is one of the most foreign-friendly countries in Southeast Asia for real estate investors. Here, you have access to almost any kind of property type and you can even buy land.

Having said that, if you plan to buy real estate in Malaysia, you must understand how healthy the market is and what to expect for the coming year.

In this article, I explain what my projection is for Malaysia’s property market in 2021, based on the current climate and historical data.

First, we review how the market performed in the past years and continue with a market outlook for 2021.

Topics covered in this article:

  • Malaysia’s Property Market in Previous Years
  • Why has Malaysia’s property market performed badly?
  • Most Expensive Cities to Buy Property in Malaysia
  • Cheapest Cities to Buy Property in Malaysia
  • Market Outlook for 2021

Malaysia’s Property Market in Previous Years

Malaysia’s property market has been in decline since 2012 and we’ve seen modest price increases. Continue reading Malaysia Property Market Outlook 2021: A Complete Overview

Thailand Property Market Outlook in 2022: An Overview

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Buying property overseas is one of the biggest undertakings many foreigners make. Before you buy assets in a developing market, you must do thorough research and understand what you can expect from the market in the coming years.

While Thailand is one of the most popular options for overseas property buyers, the market has been impacted badly by the COVID-19 pandemic.

In this article, I explain our predictions for Thailand’s property market in 2022.

Topics covered in this article:

  • Thailand’s Property Market in Previous Years
  • Pattaya’s Property Market
  • Bangkok’s Property Market
  • Chiang Mai’s Property Market
  • How will Thailand’s property market perform in 2022?
  • Are there any other positive aspects of investing in Thai property?
  • New Property Projects in Bangkok
  • Thailand’s Demographic Issues

Thailand’s Property Market in Previous Years

Thailand’s property market was in a slow but consistent upward trend for over a decade until 2020. The main reason is the increasing number of foreigners that visit or decide to live in Thailand, might they be workers or retirees.

To give you a number, around 88,000 foreigners applied for work permits in Q2 2018 in Bangkok alone and the number continued to rise.

To put it in some context, 78,000 foreigners applied for work permits in Q1 2015. That’s an increase of 10,000 expats per quarter or 40,000 yearly.

A better economic outlook, higher take-up rates, and occupancy rates resulted in this upward trend. With that said, the market performance also differs much between cities.

Bangkok and Chiang Mai Performed Better in Previous Years

For example, Bangkok and Chiang Mai have experienced higher growths, while places like Cha Am, Hua Hin, Khao Yai, and Pranburi experienced a slower growth, or even stagnated. Continue reading Thailand Property Market Outlook in 2022: An Overview

Australia Property Market Outlook 2020: A Complete Overview

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Australia is the to-go place for people who wish to live in a stable nation, offering great education, and a comfortable climate. Foreign investors, many from China, have flooded the market and real estate prices have reached record-breaking levels.

Worth mentioning is that Australia has never experienced a major decline and didn’t suffer much during the subprime crash 2008 when prices continued upwards. There are several interesting reasons behind this, of course.

In this article, I explain how Australia’s property market has performed in the past years and what the predictions are for 2019.

Australia’s Property Market in Previous Years

Australia’s property market was booming in 2016 to 2017 and we saw house prices breaking all-time high records. The millennials were even told to give up eating avocado toast if they ever wanted to afford a house.

According to Huffington Post Australia, the house price growth in recent years are related to:

  • Investor activity in Sydney and Melbourne
  • Low interest rates
  • Tax incentives such as negative gearing and capital gains tax discounts

Theconversation.com has an illustrative chart that shows how housing prices have continuously been in decline, after hitting a peak in the 3rd quarter of 2017. It’s also the first annual decline since 2012.

Lower demand for homes and a tightening of lending to investors played a big role in the price falls according to the ABS Chief Economist, Bruce Hockman. Regulators have progressively clamped down risky lending, such as interest-only mortgages.

With around 40% of Australians having interest-only mortgages, it’s a wise choice. The banks have toughen-up previously lax expense and income verification. Continue reading Australia Property Market Outlook 2020: A Complete Overview