10 Best Global Investment Property Destinations - Page 4

10 Best Global Investment Property Destinations

By siliconindia   |   Monday, September 24, 2012   |    1 Comments

6. Shanghai

World’s most populated city Shanghai is one of the most expensive locations for property investment. Xintiandi is the most preferred location for luxury properties in Shanghai due to its close proximity to developed infrastructure. However, Xintiandi is a well developed location that houses over 2000 homes and maximum of such homes are high-rise apartments.

Adding to it, Shanghai is one of the most expensive central business district (CBD) locations in Asia Pacific region, according to Cushman & Wakefield's Asia Pacific Office market report.

7. New York

New York is one of the most sought after city in United States and also an expensive city to buy property. The healthy real estate market of New York offers an average price of $ 13,428 per square meter. Moreover, the rental laws in U.S are considered to be pro-landlord in nature, which means, the laws are designed to give more preferences to landlords in lending of properties. 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.

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