27/05/10

A recently published reports suggests London could well be established as leaders of a property recovery during 2010. London, Moscow, Shanghai and Hong Kong have all seen rental growth in the first five months of 2010 and are set to lead the global property market recovery.

Recently published Market Perspective reports for May 2010 forecast rental growth of between 10% and 20% across London during 2010.

It also forecast growth of 20%-25% in Hony Kong, 10%-20% in Beijing and Shanhai, and around 10% in Moscow, Singapore and Sydney.

The forecast also warns however that there will be a kick back from the slowdown in China and the debt crisis in Europe which could both cause serious concerns for the currently Fragile property rental market and private rental sectors. 

Let-Leeds Landlord News, Letting Agents Leeds, 27th May 2010