About The Area
Property markets are currently very buoyant in many areas of the Global Marketplace including: Most areas of Europe with many seeing a doubling of property prices over the last couple of years. This is especially true of Ireland and parts of the U.K. although a recent softening in the London area may trickle through to the broader U.K. market over the next few months. The west coast of Canada is experiencing massive growth driven, in part, by the upcoming Winter Olympics and Japan has recently seen a long overdue major increases in development activity in major centres.
Property markets in Australia continue to grow (generally) with sustained substantial growth expected to keep moving forward in an attempt to CATCH UP with people movement trends and population growth. The areas under most of this type of pressure are Queensland including many rural areas and Western Australia, again, including many rural community areas.
As we have a particular interest in Pacific Rim property, we are pleased to note that the growth in places such as Vanuatu (provincial centres) has sustained 100% for each of the last 2 years! More on this in our listings.
It is our view that with the continuance of the growth of Global commercial and industrial markets such as China and India (many others, both European and Asian as well) we will continue to see upward pressure on our property values for AT LEAST the next 2-3 years. With the cost of funds still (relatively) low these pressures cannot do other than push property prices up. Socially and politically this may not be seen as an appealing scenario but for the astute and able investor it is a time to ‘make hay while the sun shines!’.