London Remains the Top Global Prime Realty Markets
Research by Astons, the international experts on real estate, residency and citizenship through investment, has revealed which prime global real estate markets are on course to see the biggest increase 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 climb 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%). 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.
Tags : INTERNATIONAL London Global real estate markets Top Remains Prime