select
|

Property Investment: The world’s most resilient cities

Investing in property internationally relies heavily on understanding the city you are planning on investing in. The Grosvenor Report has collected data from around the world to help investors see which cities are the most resilient in terms of real estate.

What are resilient cities?

The resilience of a city depends on the city’s ability to thrive as centres of human habitation, production and cultural development, despite the challenges posed by climate change, population growth and globalisation.

In real estate investment terms this means that a city will allow to preserve capital values and also provide sustainable rental income over the long term.

A city can improve its resilience due to the fact that just like a society, a city can adapt and change over a period of time. This due to governance, institutions, technology, wealth and the propensity to plan.

Resilience - Overall World City Ranking

The Grosvenor Report has shown that the three most resilient cities in the world are in Canada, namely Toronto, Vancouver and Calgary. The top 10 are rounded out by Chicago, Pittsburgh, Stockholm, Boston, Zurich, Washington DC and Atlanta respectively.

The weakest 2o cities are in emerging markets, eight of which are part of the so-called BRIC countries. Thus far the economic growth in these countries have not fed through to into the quality of life and long term resilience of these cities. These cities include Delhi, Guangzhou, Mexico City, Rio de Janeiro, Mumbai, Manila, Cairo, Jakarta and Dhaka.

What does this mean?

Low ranking cities in terms of resilience does not equate to low profit investment, short and medium term investment opportunities can be found almost anywhere. However, it is more advisable to find long term sustainable real estate investment opportunities. 

Using the report property investors can see which cities are more resilient in terms of long term investment and make a more informed decision.

Read the full report here


  Comment on this Article

  Please login to post comments

Post to my facebook wall
  
2000
Characters remaining


    Latest Property News
    • 18 Feb 2017
      Supportive, well-located and affordable work spaces, where users can network with like-minded people, are in short supply in Cape Town. However, Inyathelo (The South African Institute for Advancement) is offering hot desking, meeting spaces, conference rooms and related facilities in Woodstock’s trendy Buchanan Square.
    • 17 Feb 2017
      According to Absa, newly-built homes currently cost 31,2% more, on average, than their pre-owned equivalents – and that means, says Rawson Property Group Managing Director Tony Clark, that second-hand homes should be selling a lot faster than new ones right around the country.
    • 17 Feb 2017
      Consumers who aspire to purchase a property during 2017 will need to take of their financial position into account and make adjustments where necessary to achieve their goal, says Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa.
    • 17 Feb 2017
      Affectionately known as ‘Potch’, the North West town of Potchefstroom looks to be on the up in terms of its property market this year.
    • 17 Feb 2017
      Massive investment in property regeneration is rapidly transforming the urban landscape of the Atlantic Seaboard between Sea Point and the Mother City's CBD.
    • 16 Feb 2017
      If you’ve just crowned a great holiday at the end of last year with the purchase of a second home or weekend getaway, one of the first things you need to do is make sure that it is just as well-secured as your primary residence – and properly insured.
    • 16 Feb 2017
      If you’re young and working, you don’t have to wait until you’re in a permanent relationship before you buy your first home.
    • 16 Feb 2017
      Construction on the R4-billion Sun International Time Square which will be situated in Pretoria’s Menlyn Maine is fully on track with a projected opening date in April 2017.
        
    X
    Subscribe to the MyProperty Newsletter

    Name  
    Last Name  
    Email Address  
    Email Frequency
    select
    X
    Share this Page

       
    For Sale Property
    Rental Property
    More Options
    About
    Connect with us
    FEEDBACK