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US, Malaysian and UK Markets to Dominate in 2011

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US, Malaysian and UK Markets to Dominate in 2011

By - Thursday 17 February 2011

New York, Kuala Lumpur and London are three destinations that real estate speculators are becoming increasingly confident about, international property investment firm IP Global has claimed.

The company's Property Barometer for the first quarter of the year has detected a rise in optimism for certain markets around the globe. However, the organisation's outlook for China, Dubai and Greece is not so positive, Today Online reports.

New York City's real estate market finished 2010 with a ten per cent increase in prices over the last three months of the year, IP Global explained.

While in Malaysia, the strong performance of the manufacturing and services sectors was cited as a positive. The body forecasts the Kuala Lumpur property market to remain stable during 2011 and estimates prices to rise by five per cent on the back of increasing transaction volumes.

Meanwhile, investors have been put off China's property market after the central bank raised interest rates twice since October 2010 to prevent the economy from overheating.

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