Jones Lang LaSalle Forecasts Strong Growth in Smaller Cities

(Beijing) – China's second- and third tier cities have huge and long-term potential for real estate investment given huge economic growth momentum, said Jones Lang LaSalle (JLL) in a recent study.

The top 10 cities with the fastest economic growth worldwide are all located in China. China's second- and third-tier cities are unveiling unprecedented rates of urban construction. Within the next decade, the gross domestic product of the top 50 second- and third-tier cities combined are expected to account for 12 percent of the global total, generating huge opportunities for property investment, said the real estate service agency.