London continues to remain the most sought-after city globally by ultrawealthy investors to acquire properties, the Alpha Cities Index, released jointly by Wealth-X Warburg Realty and Barnes International Realty, said in the ‘The Global Property Handbook’ released recently. This comes as a relief to property investors in the UK, especially London, following speculations in the wake of Brexit.
“The Alpha Cities Index, ranks the overall attractiveness of a city for wealthy individuals when considering a luxury real estate purchase. The Index is the first of its kind to incorporate the trifecta of demands from the wealthy—the ideal city property must satisfy a range of practical, emotional, and financial considerations,” Wealth-X said.
The first edition of the ‘Global Property Handbook’ reviews the luxury real estate market and explores the buying habits of the world’s wealthy. The report names London, New York and Tokyo as the most desirable cities in the world in which to purchase luxury property.
While London has scored 77 out of 100, New York has scored 75, Japan (70), followed by Sydney (61) and Paris (60) to complete the top 5 in the world. They are followed by Chicago, San Francisco, Osaka, Toronto, Washington and Hong Kong.
It is evident that London continues to offer the best of the returns on investments in the property market because if its strong fundamentals. If you are interested in acquiring a residential property in London, connect with Strawberry Star estate agents by calling our London office.
The first edition of the “Global Property Handbook” reviews the luxury real estate market and explores the buying habits of the world’s wealthy. The report names London, New York and Tokyo as the most desirable cities in the world in which to purchase luxury property and singles out seven up-and-coming luxury real estate markets.