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Top five emerging real estate hotspots in 2015

Emerging cities across Asia, Africa, the Middle East and Latin America are filled with opportunities for those looking to invest in property, according to global property portal, Lamudi, which has compiled a list of top investment hotspots in the emerging markets, based on market trends, infrastructure developments and attractive commercial, residential and industrial real estate opportunities.

The five markets it tips are:

Colombo, Sri Lanka,which is undergoing a ‘dramatic transformation’, driven by Sri Lanka’s economic growth and infrastructure development, there has been greater urban migration towards Colombo, as well as a number of wealthy Sri Lankans moving back to the city following the end of the country’s civil war.

Cartagena, Colombia, where international companies are settling and the tourism industry is thriving, with world-class hotels investing in expansion in the city.

Irbid, Jordan, where investment is primarily concentrated in real estate, financial services and tourism. Jordan’s third largest city by population, Irbid, is considered the cultural capital of Jordan, and is home to a number of universities.

Naivasha, Kenya, located 90km northwest of Nairobi, Naivasha has attracted a number of developers into the region. Tourist attractions in and around Naivasha, have led to increasing demand for holiday homes in the area.

Faisalabad, Pakistan, is the third largest metropolis in the country and has experienced recent growth in development and construction as a result of the rapid growth of Pakistan’s economy. Faisalabad is also a major textile hub making it an attractive option for commercial property investors, looking to expand into or within Pakistan the company said.

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