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Asian Property Popular with Wealthy Investors

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real estate  Asia  Shanghai  London  New York  BuyAssociation  Paul Collins  Luxury Property Investment 

Asian Property Popular with Wealthy Investors

By - Monday 11 April 2011

A number of property investors with cash to spend are looking to increase their wealth by purchasing real estate in the Asian property markets.

While a number of traditional locations around the world, such as London and New York, are expected to remain popular, many buyers are "starting to spread their wings" by looking at different areas, according to BuyAssociation.

"We have certainly seen quite a bit of growth in the far-eastern and Asian markets. There seems to be buyers with cash to spend and they are looking at their overseas property markets as being a good place to invest," Paul Collins, editor at the website, said.

Indeed, recent research from Knight Frank has revealed that almost 40 per cent of global luxury residential property markets saw values climb during 2010, with six of the top ten biggest increases seen in Asia.

Overall, the property consultancy's research showed that luxury property price growth was highest in Shanghai with a 21 per cent rise. Also performing strongly were London and New York, with increases of ten per cent and 13 per cent respectively.

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