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Expatriate Insurance News: Residential property markets on the rise

Expatriates appear to be increasing their interest in overseas property, as 40 per cent of the world's most exclusive residential property markets saw increases in value last year.

Knight Frank's report revealed that six out of the ten biggest risers were in Asia, with luxury property growth in Shanghai the highest.

There was a 21 per cent rise in the city, compared to rises of ten per cent and 13 per cent in London and New York respectively.

Commenting on the news Paul Collins, editor at BuyAssociation.com, said that his site has "seen quite a bit of growth in the far-eastern and Asian markets".

"There seems to be buyers with cash to spend and they are looking at their overseas property markets as being a good place to invest," he added.

Mr Collins also noted that the past 21 to 18 months have seen interest rise in city centre properties, which have been "very popular and seemed to have been gaining in value".

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