London, New York and Kuala Lumpur named top 3 hot spots

London, New York and Kuala Lumpur are today (Wednesday 14 March) named as the top three global property investment hubs by the latest IP Global property barometer.

It says that the London property market is being fueled by international investors with 5% growth forecast for 2012 while New York is perceived as a safe haven with prices still 20% below their peak.

It adds that Kuala Lumpur leads the way in the Far East, with average price increases of 5 to 24% and says there is encouraging activity in San Francisco, Brisbane, Perth and Istanbul.