It has been a year of mixed fortunes for property markets across the globe, and next year is likely to be the same. While there is optimism in most Asian countries, the ongoing trade war between China and the US could threaten the growth of property markets in some countries, such as China and Vietnam. However, there may be opportunities amid the risks as some companies may consider shifting their production to Asia to avoid higher US tariffs.
In New Zealand and Australia, the outlook remains positive, driven by positive economic growth, but the outlook for London and New York is cloudy. This is partly driven by the messy Brexit negotiations in the UK and the trade war and a generally unfavourable view of President Donald Trump and his administration globally and in New York.
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