The nation’s offering a HNW hattrick of property options for global homebuyers

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International real estate experts on residency and citizenship through investment, Astons, has revealed which nations are home to the most prestigious property markets for high-end buyers when it comes to property values across the three largest cities. 

 

Astons looked at the current cost of a city centre property (43 sqm) across the three largest cities in each nation and which is the most prestigious when it comes to a hattrick of high-net-worth property purchases.

 

London is considered one of the pinnacles of the global property market and rightly so. With a city centre property costing an average of £493,600 in the current market, it’s one of the most expensive around the world. 

 

However, when considering the current average cost of buying in both Birmingham and Manchester, the UK’s top three cities averages a property value of just £262,788, with buyers looking at a total of £788,364 for a home in each city. As a result, the UK ranks just seventh in the global standings.

 

The most prestigious property market is Japan, with the purchase of a property in Tokyo, Yokohama and Osaka totalling £1.324m, and all three seeing property prices average at £441,430. 

 

China ranks second with property prices across Beijing, Shanghai and Tianjin averaging £423,074 and a purchase in all three totalling £1.269m.

 

Switzerland, South Korea, the United States and Germany also ranked ahead of the UK where both the average and total cost of property across their three major cities was concerned. 

 

The most affordable location for a global property investment currently proves to be Turkey. Property prices across Ankara, Istanbul and Izmir average just £30,577 and a purchase in all three would total a very affordable £91,730. 

 

Managing Director of Astons, Arthur Sarkisian, commented:

 

“We’re seeing an increasing trend whereby global property investors are choosing to spread their bricks and mortar acquisitions across a number of cities in a given country, rather than placing all of their eggs in one basket. 

 

This enables them to invest in different styles and types of property at a variety of price thresholds so that they can meet their different requirements for both personal and professional property investments. 

 

This is something we see a lot in the UK. Many high-end investors like to live in London themselves while having a more diverse portfolio of rental properties across other more affordable cities where they can secure higher yields. 

 

However, when it comes to the most consistently expensive property markets for high-end buyers looking for a hattrick of prime purchases, the figures show that Japan is home to the most expensive bricks and mortar across its three major cities.”


 

Nation

Capital city

Average House Price (43 sq m)

Second city

Average House Price (43 sq m)

Third city

Average House Price (43 sq m)

Average of All Three

Total of All Three

Japan

Tokyo

£379,572

Yokohama

£732,475

Osaka

£212,244

£441,430

£1,324,291

China

Beijing

£513,657

Shanghai

£480,390

Tianjin

£275,175

£423,074

£1,269,222

Switzerland

Bern

£276,920

Zurich

£457,134

Geneva

£458,944

£397,666

£1,192,998

South Korea

Seoul

£669,873

Busan

£152,165

Incheon

£309,159

£377,066

£1,131,197

United States

Washington D.C

£221,620

New York

£517,490

Los Angeles

£266,114

£335,075

£1,005,224

Germany

Berlin

£217,221

Hamburg

£258,613

Munich

£421,946

£299,260

£897,780

United Kingdom

London

£493,600

Birmingham

£134,238

Manchester

£160,527

£262,788

£788,364

France

Paris

£469,755

Marseille

£122,213

Lyon

£185,709

£259,226

£777,678

Italy

Rome

£260,336

Milan

£319,489

Naples

£142,604

£240,809

£722,428

Australia

Canberra

£145,938

Sydney

£317,493

Melbourne

£231,736

£231,722

£695,167

Netherlands

Amsterdam

£292,394

Rotterdam

£150,123

Den Haag (The Hague)

£137,071

£193,196

£579,588

Canada

Ottawa

£121,329

Toronto

£281,958

Montreal

£147,827

£183,705

£551,114

Spain

Madrid

£192,988

Barcelona

£182,241

Valencia

£106,272

£160,500

£481,501

India

New Delhi

£69,820

Mumbai

£206,970

Bangalore

£55,509

£110,767

£332,300

Russia

Moscow

£165,796

St Petersburg

£79,284

Novosibirsk

£38,748

£94,609

£283,828

Saudi Arabia

Riyadh

£36,739

Jeddah

£29,373

Mecca

£142,942

£69,685

£209,054

Indonesia

Jakarta

£91,368

Surabaya

£60,352

Bekasi

£50,893

£67,538

£202,613

Brazil

Brasilia

£59,579

Sao Paulo

£69,612

Rio de Janeiro

£58,940

£62,710

£188,131

Mexico

Mexico City

£77,548

Ecatepec

£35,308

Guadalajara

£32,743

£48,533

£145,600

Turkey

Ankara

£23,335

Istanbul

£39,790

Izmir

£28,604

£30,577

£91,730

 

Astons is a leading global property and immigration advisory firm with offices in London, Beijing, Moscow, Dubai and Limassol (Republic of Cyprus) and offers residency & citizenship investment solutions worldwide including the UK, Turkey, Vanuatu, the EU and the Caribbean

 

For further information or to discuss your personal circumstances in a private consultation, please contact Astons at info@astons.com or call +44 207 292 2977.