In today’s evolving global economic landscape, the real estate market has become a crucial window into the economic vitality and wealth allocation of various countries. While some countries face economic fluctuations, several others have seen steady price increases, driven by profound adjustments in supply and demand, as well as policy incentives and industrial upgrading.
Vietnam’s housing price growth is among the world’s leading indicators. Ho Chi Minh City ranks among the top globally in residential price increases, while Hanoi also saw significant year-on-year increases in apartment prices. This phenomenon stems from foreign investment-driven industrial relocation—a large number of manufacturing companies have moved from China to Vietnam, boosting employment and increasing residents’ incomes. This, coupled with the trend of population concentration in core cities during urbanization, has led to a continuous rise in housing demand. Simultaneously, the Vietnamese government has further revitalized the market by simplifying procedures for foreign buyers and optimizing tax policies, creating a virtuous cycle of strong supply and demand.
Meanwhile, the United Arab Emirates in the Middle East has emerged as a dark horse in the global real estate market thanks to its economic diversification strategy and demographic dividend. Dubai leads in average annual residential price increases, with its high-end villa market performing particularly well. Property prices in emirates like Abu Dhabi and Sharjah have also continued to rise, with Sharjah experiencing a significant increase in total real estate transactions, attracting global investors. The UAE’s rise is driven by two factors: firstly, the government’s “Dubai Economic Agenda D33” and other initiatives have boosted the proportion of non-oil industries, creating numerous high-income jobs; secondly, continuous population expansion and a substantial increase in the resident population have led to a simultaneous increase in housing demand and purchasing power. Furthermore, relaxed visa policies and a zero personal income tax system have made it a preferred asset allocation option for high-net-worth individuals worldwide.
The divergence in the European market also presents opportunities. Portugal, thanks to its Golden Visa program and the recovery of its tourism industry, has seen some of the highest property price increases in the EU. Foreign buyers account for more than half of buyers in core cities like Lisbon and Porto, resulting in high rental yields and attracting a large influx of international capital. Hungary, through its “Otthon Start” home purchase subsidy program, has stimulated demand, leading to a continuous rise in Budapest property prices, with significant annual increases in some areas. Although Hungary’s per capita income is low compared to other EU countries, its housing expenditure as a percentage of its income is on par with Western European countries, reflecting a strong demand for improved housing.
In the Asian markets, Japan and Singapore exhibit “steady growth.” Secondhand apartment prices in central Tokyo have hit record highs for several consecutive months. Against the backdrop of a depreciating yen, overseas investors are buying up assets in prime locations, driving up both sales volume and prices. Singapore’s property prices have risen for several consecutive years. The government has maintained a healthy market by regulating supply and optimizing public housing policies, ensuring residents’ housing needs are met. As a globally recognized safe haven, Singapore’s real estate market has long benefited from the safe-haven demand of global capital.
The steady rise in global property prices is essentially the result of the combined effects of economic fundamentals, demographic structure, and policy guidance. For investors, accurately grasping regional market differences and policy benefits is crucial. For example, participating in international real estate exhibitions is one efficient way to obtain information. These exhibitions bring together high-quality projects from around the world, covering residential, commercial, and cultural tourism real estate, and provide one-stop services such as policy interpretation, tax planning, and legal consultation. Through face-to-face exchanges with developers, intermediaries, and industry experts, investors can deeply compare the potential of different markets, develop cross-regional asset allocation strategies, and achieve steady wealth growth in the wave of globalization.
