Investors seek returns in emerging markets

Article Date : 12 March 2008

Emerging markets are now seen as more lucrative investments than more established locations, a new study has found.

According to a report by the Urban Land Institute and PricewaterhouseCoopers (PwC), cities such as London and Paris are becoming less popular with foreign property buyers.

The British capital has fallen out of a list of the top ten locations for the first time in the history of the annual survey.

This coincided with a surge in the popularity of places such as Istanbul, where investors are optimistic about the chances of collecting strong returns.

John Forbes, head of real estate at PwC, said this showed there is an "increasing appetite" for emerging markets.

He told Bloomberg: ''Russia and Turkey are regarded in the same way as the India of Europe. They are top for economic growth.''

This comes after the Association of International Property Professionals revealed that the number of overseas transactions went up by 21 per cent to 240,000 last year.

Investors seek returns in emerging markets

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