10 Best Global Investment Property Destinations

Bangalore: Over the years, property prices have elevated across the globe. Although the initial investment on property could be colossal, but it's all worth it, as the return on investment is equally good along with the appreciation. Below are some of the property hot spots globally, as listed by the Telegraph.

1. Hong Kong

The flourishing economic market makes Hong Kong one of the most sought after city in Asia. Besides its strong economy, Hong Kong is an expensive location for luxury real estate. However, Hong Kong Island is a hot spot for such residential property which is also in close proximity to the city’s main business district and well known infrastructures. Over the last three years, the property prices in such areas have increased at a fast space.

Also property prices of luxury housing in the eastern New Territories rose to 65 percent from 2008 compared to 80 percent on the Hong Kong Island. Houses with garden view cost around £1,100 per square feet (around 94,948 per square feet) compared to typically houses that costs £2,500per square feet (around 215791 per square feet) in Southside district on the Island and the rate of discount may increase if more people start investing on such houses in the coming years.

With the low interest rates and flourishing economy, Hong Kong is one of the favorable cities to buy property. Interestingly Hong Kong doesn’t impose taxes on income or sources coming from overseas.