The Economist magazine has identified a new wave of high-growth emerging markets which are expected to post strong economic performance over the coming years.
Named the CIVETS, Colombia, Indonesia, Vietnam, Egypt, Turkey and South Africa have been singled out by the influential business publication thanks to their "large and young populations, diversified economies ... and decent financial systems."
Added to this, the fact that none are burdened with high inflation rates, trade imbalances or sovereign debt means that they are in a good position to generate good long-term growth.
The news follows a recent PricewaterhouseCoopers (PwC) report which suggested that traditional European real estate investment destinations would face a tough year.
PwC explained that the European real estate industry will be forced to adapt to tougher regulations, harsh spending cuts from governments and a tight lending environment, all of which would contribute to this year not featuring the big turnaround that many have been predicting.