The prime residential property market showed improvement in Q3 this year, with many cities registering price increases. The best performers included Manila and Dubai, with Madrid and Miami starring in Europe and the US.
Global real estate investment dropped by a third in the first half of 2020 on the back of the effects of the pandemic. The tourism, office and retail sectors were the hardest hit while residential saw a lesser impact. Moving forward, the long term prospects look promising for real estate as governments pour major capital into infrastructure.