The U.S. has been named the hottest market for global residential property in a survey of 14 countries by real estate advisors Savills. The researchers analyzed economic and demographic trends to forecast how much prices in popular cities will rise over the next five years.
And the essential ingredients for solid returns? A combination of population growth, rising wealth and limited housing supply.
1. United States
The U.S. housing market has enjoyed three years of growth as the economic recovery gathers pace. Prices are up about 30% from their 2009 trough.
San Francisco offers the most impressive growth potential. Nearby Silicon Valley has spurred interest in the city and secured its place as one of the country's best performing housing markets. Savills named it ahead of New York, Los Angeles and Miami.