Saturday, October 16, 2021
International

Research reveals top global real estate markets

global real estate markets

Astons analysed prime real estate values across 18 global destinations in 2020 as well as looked at the forecast growth for 2021

A research by Astons, the international experts on real estate, residency and citizenship through investment, has revealed the prime global real estate markets which are on course to see the biggest rise in values in 2021.

Astons analysed prime real estate values across 18 global destinations in 2020 as well as looking at the forecast growth for 2021 and what this would mean for the world’s wealthy buyers looking to these cities.

Based on a property sized at 43 square metres, global prime real estate values are expected to jump 1.8% in 2021 when compared to 2020, putting the average real estate value across these 18 destinations at £717,429.

However, three global prime markets are expected to see value of the average prime property remain above £1m. Monaco is forecast to see an average real estate value of £1.m in 2021, with Hong Kong (£1.3m) and London (£1m) also sitting considerably higher than the average.

Geneva (£905,550), New York (£891,505), Singapore (£880,395), Paris (£747,595), Los Angeles (£727,387) and Sydney (£725,037) are also forecast to see real estate values remain higher than the global average in 2021.

Along with Berlin, Sydney is also expected to see the highest rate of growth where real estate values are concerned, with an expected 5% uplift forecast for 2021 when compared to the average across 2020.

At 4.5%, Miami is also expected to one of the largest uplifts in prime real estate values, as is Shanghai (4%) and London (3.5%).

Managing Director of Astons, Arthur Sarkisian, commented: The global prime market has, of course, been impacted by ongoing travel restrictions preventing many international buyers from transacting as they may have otherwise.

As a result, annual appreciation in real estate values is forecast to climb slightly across many cities, although some are expected to see a stronger performance than others, he said.

He said: However, the very top end of any global property market performance is based very much around quality over quantity and so as the world does start to reopen, months of pandemic restrictions are sure to yield to increased demand as many look to regain lost time.

Important:

The articles are for information purposes only and Invest for Property shall not be held responsible for any errors, omissions or inaccuracies within it. Any rules or regulations mentioned within the website are those relevant at the time of publication and may not be the most up-to-date.

Invest for Property does not endorse any of the products or services that appear on it or are linked to it and are not liable for any action that you may take as a result of the content of this website, or losses or damage you may incur doing so.

There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.

Please remember that investments of any type may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.

Leave a Reply

17 − 17 =