2020 has been a tough year for everyone. Unlike the other sectors, the real estate departments of Asian countries have also seen ups and downs last year. During this phase, although the priorities have changed, the buyers' interest has not been diminished. The top 10 countries include The United States, Australia, Thailand, Canada, Malaysia, Japan, Singapore, United Kingdom, New Zealand, and France.
Therefore, let’s see the recent data of Juwai IQI about the top ten favorite countries for Asian buyers in 2021.
According to this research, the United States is the most popular country for Asian buyers globally. The traditional American gateway cities like New York, Los Angeles, Miami, San Francisco, and more are the main places for these buyers who invest in the properties here.
Additionally, the number of high net worth searching to buy residences in the US has increased drastically from the last ten years.
The second most favorite country on this list for Asian property buyers is Australia. During this pandemic, buyers from Malaysia, South Korea, the Philippines, and Japan seemed more interested in Australia's buying properties.
The next destination is Thailand in this list as it promises to recover and stand out this year. The property investors bargain-hunting will get many opportunities in Thailand’s Bangkok, Phuket, and Chiang Mai.
Canada is the other popular destination for Asian buyers who want to purchase their second home out of their country. Buyers from China, Singapore, Japan, the Philippines, and South Korea are mostly attracted to it.
Malaysia is in the fifth position on this list. The cross-border buyers, especially from greater China, are most active in this country. Hence, it has gained upper ranks in the past year as well.
Then, Japan is also a trendy destination amongst Asian cross-border buyers. The main attractions for investors are the properties that are supposed to be operated as short-term rentals in urban areas.
Singapore is seventh in the most desired country for Asian buyers. Hence, it has successfully gained Malaysian buyers' interest and placed itself as a top ten destination for buyers from many countries.
Then, The United Kingdom in the eighth position for the most popular countries for Asian buyers. Besides, its historical presence and reputation for quality education have paved its way for Asian buyers to develop interest.
Although New Zealand’s ranking has fallen in past years, it still has held the ninth position being one of the most favorite hubs for Asian buyers.
Finally, the tenth position in this list is France. Although it is one of the popular countries in 2020 with buyers from Asia, it receives a relatively small share of total Asian buyers’ interest compared to other favorite destinations as per data.
So, interested to invest in these countries mentioned? Drop your details below, and our professional agents will reach out to assist you!
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