Best place to buy property in Asia

Originalmente publicado en Business 360:

Hong Kong (CNN) – Forget the red-hot property market of mainland China — a new forecast says investors should be looking south.

Jakarta — Indonesia’s burgeoning capital of nearly 10 million people — is predicted to be Asia’s top real estate market in 2013, ahead of cities such as Hong Kong, Singapore and Sydney in “Emerging Trends in Real Estate — Asia Pacific 2013,” a real estate forecast released this week by PriceWaterhouseCoopers and the Washington D.C.-based Urban Land Institute.

The recommendation to buy into Jakarta-based property may raise eyebrows, but PriceWatershouseCoopers says Indonesia’s economic turnaround over the past few years has impressed international investors.

“Interest rates and inflation are under control, and while GDP is growing at around 6.5% annually, foreign direct investment is increasing at a much higher rate—39% in the first half of this year,” the survey said. “Driven by increased demand from foreigners and locals alike…

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