PrimeLocation

If you’re after a high-end overseas bolthole with house price growth prospects, then focus your efforts on these cities.

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  • Want to tap into soaring high prices in one of the world’s leading luxury housing markets?

    Then head to continental Europe, where Madrid, Berlin and Paris are all set to see the biggest growth in property values of any prime global city in 2019.

    Kate Everett-Allen, partner, international residential research at Knight Frank, which compiled the data, explained: “Of the 15 cities monitored, the key European cities of Madrid, Berlin and Paris, lead our forecast for 2019.

    "Still positive, but marginally down on 2018, the normalisation of monetary policy, weaker economic growth and a fragile political landscape post-Brexit will influence demand, but the relative value of these cities remains a key driver.” 

    But how will the other major cities fare? Markets where new macro-prudential measures have been put in place this year, such as Hong Kong and Singapore, are forecast to slip down the rankings as buyers and developers adjust to the new taxes. But Vancouver, which also falls into this bracket, is the exception to the rule. 

    Here’s the full breakdown of Knight Frank's prime global forecast for the year ahead:

    1. = Madrid

    House price forecast for 2019: 6%

    What’s for sale: Four-bedroom apartment in the Retiro Park area for £1.3m (€1.5m)

    1. = Berlin

    House price forecast: 6%

    What’s for sale: Three-bedroom apartment in Oasis Berlin for £1.2m (€1.3m)

    1. = Paris

    House price forecast: 6%

    What’s for sale: Three-bedroom apartment for £5.4m (€6m)

    4. Miami

    House price forecast: 5%

    What’s for sale: Three-bedroom apartment for £1.8m ($2.3m)

    5. Vancouver

    House price forecast: 3%

    What’s for sale: Five-bedroom property in West Vancouver for £3.8m ($4.8m)

     

    6. Los Angeles

    House price forecast: 2%

    What’s for sale: Five-bedroom property in Beverly Hills for £2.7m ($3.4m)

    7. Sydney

    House price forecast: 2%

    What’s for sale: Four-bedroom semi-detached house in The Vaucluse, price on application

    8. Geneva

    House price forecast: 1%

    What’s for sale: Three-bedroom property  for £6.1m (Fr7.6m)

    9. Melbourne

    House price forecast: 1%

    What’s for sale: Four-bedroom detached house, price on application

     

    10. London

    House price forecast: 1%

    What’s for sale: Four-bedroom terraced house for £1.5m

     

    Ranking City House price forecast
    11 New York 0%
    12 Singapore 0%
    13 Dubai -2.4%
    14 Mumbai -5%
    15 Hong Kong -10%


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