World's 10 Hottest Property Markets

2) New York

New York is one of the most sought after city in United States and also an expensive city to buy property. Moreover, the rental laws in U.S are considered to be pro-landlord in nature.  Adding to it, potential buyers find it bit difficult to buy property in New York because of its complicated tax system, wherein the tax on rental income (Federal tax rate) is decided by the central authority which is progressive in nature. Additionally the various state governments decide their own tax rate accordingly.

3) Hong Kong

The flourishing economic market makes Hong Kong one of the hottest property markets in Asia. Besides its strong economy, Hong Kong is an expensive location for luxury real estate. 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.

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