With Britain in turmoil following the vote to leave the EU and uncertainty mounting in the USA ahead of the presidential elections, emerging property markets are increasing looking like the best investment in 2016, according to Kian Moini, managing director of Lamudi.
The head of the global property platform is urging property investors to consider investing in emerging property markets that trade predominantly with the United States and are less exposed to the EU crisis.
Kian Moini, managing director of Lamudi, said: “With investors scared away from Britain, and the United States still in a downturn, high-growth countries such as Mexico, the Philippines, and Pakistan offer good alternative investment opportunities and going forward will be fundamental in a balanced portfolio.”
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An interesting viewpoint, but I think global investors might take some persuading that Lahore is better than London, or Manila better than Manchester for that matter. The fundamentals behind the UK market are still very strong, added to which many investors can still remember what happened in emerging markets less than a decade ago.
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