The Strategist

Top 5 Promising Cities for Business in 2016


01/12/2016 - 14:58



When it comes to living in a foreign city, one need to consider many factors: population, infrastructure, overall size of the city, political situation, income per capita and development prospects.



pixabay.com
pixabay.com
Economic growth, real estate development and entertainment opportunities also play a major role in deciding and choosing a city for relocation or for investment. Therichest.com compiled a list of five prospective cities that cannot go unnoticed if you are planning to find a place for living and investment in 2016.

Each of the cities in the list has good prospects for development, which is achieved by increased transparency, fitness for life and business environment. In recent years, these cities have been attracting foreign capital, and projected future investments in these cities will only grow.

Here are the top five most promising cities for living and business.

5. Shanghai, China

Shanghai is one of the largest cities in the world and one of the most promising cities for investment in Southeast Asia.

It went ahead Tokyo and established itself as a global financial center over the past few years.

There are many jobs as Shanghai is a business and financial hub of China. Real estate investments also bring good profits in both short and long term.

It is expected that in the period from 2015 to 2030, net income in Shanghai will increase to more than $ 350 billion - more than in London and Tokyo, and consumer spending will exceed $ 250 billion.

Yield from rental can rise to 6% in a variety of categories, but the total rental yield in the city currently stands at 2.21% and 2.60% - outside the city center.

The best place for investment - Qiantan Zone, which is located near the metro station "Lujiazui". At the same time, the city government plans to strengthen the city with its further development.

Also, if you plan to move the whole family, the city is already building the park Disneyland, which should be completed in 2016, as well as Dreamworks Dreamcare. And as for health and education, they are comparable to the Western countries.

4. Dubai, United Arab Emirates

Dubai is the most modern city in the Middle East with a population of about 2.1 million, and the total area - 4114 square km.

GDP per capita is $ 24 866. According to a real estate website Bayut.com, real estate market is currently in the best position for the long-term investment and the rental yield is 8% in some areas.

Dubai has one of the lowest property taxes in the world - 0.72% per annum.

In addition, Dubai sets no income tax, so you get as much as you earn.

Housing construction, the fast-growing infrastructure, law and order in the city are on one of the highest levels in the world.

In addition, the city has some of the best education and health care institutions in the world.

The government is investing heavily in health and education, and using the most innovative methods to improve lives and rise the state standards in the emirate.

3. Kuala Lumpur, Malaysia

The capital of Malaysia is one of the 25 largest cities in the world, and one of the most important centers in Southeast Asia.

The city is ranked sixth among those, which received the most foreign direct investment last year. This indicates a high level of demand from foreigners.

Health facilities are probably the best in the whole region, and many residents of South-East Asia is going here to get the medical care at the highest level.

In addition, the city boasts of the best residential areas layouts.

Government allocates enough resources to maintain the quality of infrastructure. In addition, the city attracts a lot of tourists from all over the world. According to the site numbeo.com, ratio of prices to income in Kuala Lumpur - 9.82.

The rental yield in the center is 4.79%, and 4.73% - on the fringe of the city.

If we talk about business, the city is actively developing project Tun Razak Exchange, which aims to make Kuala Lumpur one of the world's leading financial centers.

2. Johannesburg, South Africa

Johannesburg is South Africa's largest city with the highest rental yield in the country.

The yield from rental in Johannesburg ranges from 6.5% to 9.3% according to Global Property Guide, but other sources talk about 10.85% in the city center and 11.33% outside the city center.

The city’s residential real estate market is designed in such a way that owners of residential real estate are on velvet. So, the best option is to buy a home if you are planning to move to this city.

Residential apartments are currently in a favorable situation for investments, so you can buy a property and rent it out to an annual yield of 11%.

Population of Johannesburg agglomeration is 5,065,100 people. GDP per capita is $ 16,370, according to data for 2014.

Conditions for education and health care in the city are also quite high, but the city has relatively low level of employment.

Johannesburg is considered the financial hub of Africa, many companies, both domestic and international, have headquarters here.

Besides, the Johannesburg Stock Exchange is the largest market in Africa. Mining Centre is also located here.

1. Mumbai, India

Mumbai - the financial capital of India, the city occupies an important position in the economic landscape of Asia.

The city also plays an important role in the political and administrative structure of India, it is one of the most densely populated cities in the country.

According to statistics, the population of Mumbai has grown from 9.9 million in 1991 to 12.4 million in 2011.

To serve the rapidly growing population, the city government has developed a large-scale infrastructure projects, such as "Mumbai Metropolitan," "Monorail Mumbai" and expressway with controlled entry Eastern Freeway.

GDP of Mumbai, according to data for October 2015, amounted to $ 278 billion and per capita income in 2009 was $ 7300.

Despite the fact that wages in Mumbai are quite high, payment of workers is quite low. One can afford to hire a driver, helpers around the house or even personal security guards for a relatively small price.

If we talk about residential real estate, there are fenced complexes with protected areas.

At the time, it’s better to rent, rather than buy in Mumbai, as the rental yield is only 1.84% in the city center and 2.55% in the outskirts.

If you plan to move with his family, then there are world-class schools such as Ecole Francaise, American and German schools.

Healthcare here is comparable with international standards, while the cost is quite low.

Travelers from the United States fly to Mumbai in order to get affordable dental treatment.

In addition, the city is the shopping center, because here you can buy branded goods at low prices.

source: therichest.com