New year, new real estate investment! With the dollar being so strong right now and the euro so weak, 2016 is the time you should be thinking of investing in property. There are markets in crisis around the world and with your investment, you can help contribute to these markets, whilst also obtaining a discounted asset for your future.

Here are five places around the world you should be looking at in 2016:

Buenos Aires, Argentina

Buenos Aires is one of the world's ultimate cities, in one of the most dramatically beautiful and fascinating countries in the world. Making money in Argentina is all about the timing, and the time is 2016.

A good place to start is an apartment in Buenos Aires. Home to a wealth of classic-style apartments you will rarely find around the world; their timeless style qualifying them amongst the most valuable in the world. A vineyard is also an opportunity not to be missed, specifically in Mendoza, the place to be if you wish to embrace life among the vines.

Don't let the wild economy in Argentina put you off an investment. The big lows in the market are always followed by high peaks. The good news is, Argentina hit a major low and is currently on pause; the only way is up for the economy and the real estate market. With construction and real estate forming about 20% of the economy in Buenos Aires, the third most important sector behind transportation and manufacturing.

As it currently stands, the real estate prices in Buenos Aires are among the lowest in South America, with the average house selling for $181 per square-foot. While the US Dollar sits stronger than it has in over a decade, Buenos Aires is an amazing opportunity.

“Argentina’s future economic outlook is promising,” says David Sutton, CEO at the Alvear Group. “There is no reason why Buenos Aires, in a relatively short time from now, will not reach real estate values comparable to the Brazilian market and even surpass them.”

London, UK

The property market in London can be extremely overwhelming, with different boroughs varying as much as different cities in a country. According to a report by the Royal Institution of Chartered Surveyors, 2016 is going to see an average rise of 5% in property prices across London and many reputable agents are predicting that house prices will rise by up to 50% across the UK over the next decade, with the average price rising from £280,000 to £419,000 by 2025.

The National Association of Estate Agents forecast that London house prices are set to double to an average of £931,000 and the average cost of renting a home is set to rise by 27%.

One of the most desirable areas in London, which is one to keep your eye on in 2016, is Mayfair. The residential market in Mayfair is currently seeing its most exciting decade for nearly a century.

A recent report by Wetherell reminded clients that “the property does not change, it is just the perception of value that changes”. For property owners the drivers for sale or renting remain the same but for those looking for Mayfair property in 2016 it will be a “best and the rest” year. With only the best in class being successful; correct pricing will be ever more important with finely tuned marketing prices finding a buyer/tenant in a faster time frame than going down the price reduction route.

New developments 'off plan' and 'off market' sales will continue to be attractive to owner occupiers and investors as Mayfair enters a supply side dynamic where we can offer what the market has been seeking in the area for so long – new residential developments.

It could be argued that our Chancellor George Osborne should be applauded for his belief that the property market was overheating and his subsequent budget actions with substantial increases. Volumes of sales of £2M+ properties have dropped dramatically and will eventually result in diminished income to the Exchequer.

2016 will see the start of campaigning for the reduction in stamp duty land tax rates to improve the sales volume in PCL and South East. Overall the outlook for Mayfair residential property in 2016 is positive but it should not be forgotten that a value next Spring 2016 incorporates an up to 8% stamp duty levy since Spring of 2015. The residential market in Mayfair is currently seeing its most exciting decade for nearly a century

Properties don't sit around for long in London, so you need to act fast.

Barcelona, Spain

According to Monocle, a lifestyle magazine, Barcelona is the 14th most liveable city in the world and The Economist just ranked it the 15th safest city in the world on the 'Safe Cities Index 2015'. This makes Barcelona the fourth safest city in Europe, following Stockholm, Amsterdam and Zurich.

This could mean 2016 is the perfect time to invest in property in Barcelona. Barcelona’s economic potential lead the Bank of Spain to revise its 2015 growth rate forecast upward to 2.8%, which would make Spain one of Europe's best performing economies. They estimate an average growth rate of 6.6% in 2016 for residential investment.

After seven years of declines, Barcelona’s house prices are at their lowest, which is leading to an increase in sales. International demand for property in Barcelona is also on the rise due to property markets becoming more global. This is also good news for high level investors as there are no plans to introduce a mansion tax, like the UK.

Property prices are estimated to rise by 4% in 2016, with the demand for Spanish properties increasing to around 420,000 homes – a 40,000 rise from 2015. The Bank of Spain suggests that property prices in Barcelona could excel faster than the country in 2016.

Istanbul, Turkey

Turkey has the fastest growing population in Europe, with an unusually large 60% being under the age of 30. The large majority of the population are working, which has an extremely positive impact on economic growth. With a young population, low unemployment rates and a fast growing economy, it is only natural that the demand for residential property would increase.

Turkey sees about 350,000 wedding celebrations annually and with high employment rates, these young couples want to and can afford to own a property of their own. There are also many rundown and inhabitable properties around Turkey, that need rebuilding or renovating, meaning that older generations are looking for new buildings, further supporting the construction boom.

The economy in Turkey has been growing at a rate of more than 5% annually for the past decade and is expected to grow at a rate of 5.2% through 2016 and 2017.

As the number one city in Europe for capital growth, Istanbul is the perfect place to invest in property during the construction boom; with rental yields of up to 10% from long term tenants. When the property market drop hit Europe, Turkey didn't feel it quite as much as others around the world. Values in Istanbul dropped by about 25%, but have since recovered with a 10%-15% rate of appreciation since 2014, which is expected to continue indefinitely.

Properties in Istanbul remain a bargain, despite these sensational rates of appreciation, with prices starting at about $1,000 a square meter on the real estate market.

As one of the world's top luxury real estate markets, Istanbul is a safe and simple investment; especially in new buildings. Pre-construction means discounted prices and a close to guaranteed increase in value during the construction period.

Lisbon, Portugal

Lisbon, the capital of Portugal, is arguably the most affordable capital in Western Europe. “Lisbon is a place where you can enjoy a European lifestyle at Latin American prices, with history, romance, astonishing hospitality, and a seaside location to boot,” reports International Living editor, Glynna Prentice.

2016 is the time to buy property in Europe, especially if you're converting from the American Dollar. The Euro has fallen against the American Dollar by about 20% over the last year and 10% against the British Pound; so the dollar will buy you more than it has in over a decade and Brits will find the prices exceptionally low in Portugal.

Property in Portugal is extremely inexpensive, with a one-bedroom, renovated apartment averaging at €100,000, some of the lowest prices for property in European city centers.

The rental market in Lisbon is reasonably good, with an average rental yield of 5.77%; given the very low interest rates, this is very acceptable.

In 2015, slowly but surely, Portugal’s economic growth continued. Construction and building completions have been declining since 2002, but hopeful signs have seen an improvement since 2014. Building permits for new family residences have been rising through 2015, with permits in Lisbon increasing by a huge 85.7%.

The economy in Portugal is expected to continue its gradual recovery, with Portugal's GDP predicted to grow by 1.9% in 2016 and a further 2% in 2017.