High Risk Residential Markets – New report from Savills

According to a new report from international property adviser, Savills, “the characteristics, type and quality of a city's residential stock are a key component of its global competitiveness”. Not a massively new concept, but certainly worthwhile reading if you are interested in investing your money internationally.

What is interesting about the survey is the fact it suggests that spotting “leading cities in 'new world' emerging markets” could you mean your investment “significantly outperforms the more established prime residential markets in 'old world' economies” when you compare their performance over the last five years.

According to the report, “the average value of the homes occupied by the global super rich is around double that of a regional CEO on a standardised price per square foot measure, ranging from almost £6,500 per square foot in Hong Kong to almost £2,500 in New York, just over £2,500 in Moscow and £3,000 in prime London.” Suggesting that London is still a pretty good place to invest from a value for money perspective.

Yolanda Barnes, from Savills says these top four cities perform because "They attract money from a global elite of billionaires who invest in real estate for different reasons and with a different source of wealth from the rest of the population.”

The Savills survey claims it has a unique way of comparing residential property prices, in that it does not just use “equivalent properties in each city” but looks at the total value and rent measures which are based on a group of people who might typically relocate or be employed in any one of the cities studied.

Download Savills report here to read more.


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