Page 19 - Collection Magazine Volume 72 - List Sotheby's International Realty | LISTSIRHK

S OT H E BY ’ S I N T E R NAT I O NAL R E ALT Y 蘇 富比 國 際 房地 產

Laglio, Como, Italy | Photo credit to Italy Sotheby's International Realty.

migration to Queensland are influencing local Developing markets with renewed growth across the region work with many of the most
property markets. And as the world becomes prospects, strong demographics, and relative well-regarded international operators. Like
increasingly interconnected, Perth in Western value are attracting selective investor interest. art collectors, owners of branded residences
Australia, home to vast wealth and natural The Philippines, with a +6% growth forecast seek out a curated local experience and often
resources, is poised to shine as an important for 2023, is an example. Separately, investors accumulate multiple properties.
Australian gateway to Southeast Asia, India, are monitoring imminent national elections in
the Middle East, and Europe. New Zealand to see if any flexibility regarding Some mobile entrepreneurs and professionals
the participation of overseas investors in local with job flexibility, inspired by new work
As investors scan the globe for new trends and markets could be in the cards. Throughout New patterns adopted during the pandemic, are
opportunities, one thing is certain–Sotheby’s Zealand and Australia, overseas expatriates choosing to escape the bustle, high cost, and
International Realty, with its international have emerged as a strong source of investment tight quarters of Asia’s dense cities for more
network, is well-situated to facilitate a demand and activity. relaxed, affordable, and expansive locations
seamless, curated experience for clients like Chiang Mai, Cebu, Danang, and Bali. But
with wide horizons. Recently, our team in Q: Did the pandemic encourage lifestyle for those who do reside in cities and whose
Japan, representing a purchaser from China, changes? first home purchase is the most important
collaborated with our team in New Zealand, A: Beyond market trends, a blend of investment decision of their lives, natural,
representing a seller from the United States, to lifestyle considerations–elegance, comfort, clean, well-constructed environments close to
deliver a circa USD11 million transaction. These convenience, and security–continues to drive schools, shopping, and public transportation
success stories happen every day. the appeal of branded residences. Our teams are the key priorities.

Q: What are some of the latest property
investment trends in the Asia-Pacific region?
A: In Japan, investors are taking advantage
of the weak yen to purchase year-round
resort properties in locations like Hokkaido
and Nagano. Beyond property appreciation
and rental yield, the prospect of an eventual
recovery of the yen and potential currency-
related profit is a key consideration. In South
China, the Guangzhou-Hong Kong-Macau
Greater Bay Area–with 86 million population,
GDP of 13 trillion RMB in 2022, and anchored
by Hong Kong–has a futuristic dynamic and is
an interesting set of markets to watch. The new expansion of Sotheby's International Realty in Spain | Photo credit to Costa Blanca Sotheby's International Realty.

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