Live score: Zamalek v Gouna (Egyptian Premier League)    Manchester City's Guardiola says his players are not machines as injuries mount    Liverpool great Souness backs midfielder Thiago to shine in England    Lebanese army: Shooting in north Lebanon kills 2 soldiers    Syria minister calls Turkey main terrorism sponsor in region    Pakistan says Indian fire kills 1 soldier in Kashmir    Morocco faces down COVID spread with tough rules    The people's victory    Thousands protest COVID-19 restrictions in central London    Ethiopian PM says Addis Ababa has 'no intention of harming' Egypt, Sudan with GERD    Egypt's Assiut, Sohag int'l airports receive first Saudi Airlines flights since resumption of air traffic    Egypt's central banks cuts interest rates by 50 bps    'It's important to show our ingenuity': Nigerian collector promotes local artistic heritage amidst Black Lives Matter    EgyptAir receives 11th Airbus A220-300 from Canada    3 policemen, 4 prisoners killed in Cairo jailbreak attempt    Last-minute bids    Wust El Balad band gives a concert at the Fountain theatre    Khan Almaghraby gallery group exhibition is a must go    Egyptian insurance companies' premiums 9.6% up in five months    Egypt's President Sisi names new head of anti-corruption watchdog    Egypt's c.bank offers 18 bln pounds T-bills on Sunday    EgyptAir offering discounts for some international flights    Egypt records 212 new coronavirus cases, 14 deaths on Saturday    Egypt to require PCR coronavirus tests for airport travelers    Egypt sends 125 tonnes of glass by sea to Beirut    Legend Messi officially wants to leave Barcelona, hands transfer request    Global smartphone sales drop 20% in Q2, yet Apple's iPhone sales steady    Sisi: Egypt keen on establishing development projects with Iraq, Jordan    Egyptian megastar Amr Diab releases new hit music video    Making of Harry Potter will be available for fans at new park in Tokyo    Egypt's Senate elections official results to be announced Wednesday    Netflix Egypt is bringing megastar Amr Diab back with a new original    Egypt reopens Rafah border crossing for first time since April    Egypt's senate elections 2020 trending on social media in few days    African Champions League final will be played on Oct. 16-17, CAF says    No room to delay Egyptian Premier League games – EFA's board member    The Facebook Preacher's Search for Fame, and Egypt's Economy    Egypt calls on UNSC to address oil spill risks off Yemen coast    Egypt economically strong in face of COVID-19, reforms ongoing: International Cooperation Minister    Arafa Holding reports $144,000 COVID-19-related losses in April    Egypt's efforts in Libya to activate free will of Libyan people: Al-Sisi    Hyksos campaigns were internal takeover, not foreign invaders: study    COVID-19 affects Egypt sporting clubs    COVID-19 will soon turn to seasonal like swine flu: Presidential Health Advisor    ‘Egypt's Support' coalition convenes to discuss its Senate election list    Robbery attempt leads to discovery of Ptolemaic monuments in Qena    Flouting international guidance, Ethiopia unilaterally starts filling its Nile dam    Zaha speaks out after online racial abuse    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.





Property company names the top cities for risk-seeking investors
Published in Amwal Al Ghad on 02 - 05 - 2019

"Courageous" investors looking for long-term opportunities should look to emerging cities in the Middle East, India, and China, according to global real estate advisor Savills.
In its Resilient Cities Index report, Savills highlighted several cities that were still relatively untapped, despite being the most likely to see economic growth amid global disruption in the coming decades.
The research analyzed which global hubs would be able to withstand or embrace technological, demographic and political disruption. New York was named the world's most resilient city, followed by Tokyo, London and Los Angeles.
Savills predicted that the top four cities would retain their positions over the next decade. Shanghai, currently in 11th place, was expected to rise to fifth place by 2028, while London and Paris were the only European cities currently ranked among the 20 most resilient.
The research also highlighted eight "challenger cities" that were forecast to make the top 50 by 2028 by jumping at least 10 places up the index.
Hangzhou, China was the top challenger city, expected to rise from 29th place to 11th in the next decade. Saudi Arabian capital Riyadh was also named among the challenger cities, alongside the Indian cities of Delhi and Mumbai.
The report predicted that within a decade, China will occupy 43 positions in Savills' Top 100 Resilient Cities ranking. No U.S. or European hubs were given the challenger city status.
Challenger cities were poised to compete with more established locations by using disruption to their advantage, Savills said, adding that they were able to respond faster and more flexibly to swift technological and societal changes.
Speaking to CNBC's "Street Signs Europe" Wednesday, Sophie Chick, head of world research at Savills, said all eight challenger cities had rising personal wealth, rapid economic growth, and favorable demographics.
"These challenger cities are for those investors looking for a bit of a risk – they're not established on the world stage, but they present a potential opportunity for long-term investors," she said. "They are not without risk, but they are there as potential opportunities."
Savills based its index on gross domestic product (GDP) data, personal wealth, and demographics in each city.
Source: CNBC


Clic here to read the story from its source.