2018-2023 EMERGING CITIES
For the last decade, a steady 70% percent of real estate investment has been going to G7 countries, concentrated in just 10 cities worldwide. But during that period the share of global GDP from these countries has dropped from 45% to 29%. The smart money in the mature economies says that these Asian markets are not transparent and that the traditional primary investment cities will hold top value for another three decades. The fastest growing cities based on GNP are in Asia with the majority of them in India such as Surat, Agra, Bengaluru, Hyperpad. In Africa, Tanzania is growing at 8.1% but Nairobi Kenya is the only city that is in the top 20 that is not in Asia. Experts forecast that as early as 2027, the combined GDP of all Asian cities will exceed that of North American and European cities combined. By 2035 cities in Asia will be 17% higher than the US and Europe.