Top destinations to buy property
The world's largest real estate markets are concentrated in heavily urbanized areas. Often, this feature—which may seem beneficial at first—manages, up to a point, to overlook broader disadvantages, whether they relate to the country itself or its position on the global map. The following mentions, as well as any post on this blog, should not be construed as advice for the reader to purchase property or as investment guidance. It is hereby made clear to users of this website that the sole purpose of these blog posts is for entertainment only.
If you are searching for a home based on today’s market trends, here’s a brief breakdown based on current investment potentials and dynamics. The data presented is not solely based on statistical reports that offer a sterile depiction of reality, but also on general estimations derived from the current market conditions. One of the more timeless options is Paris. Since the Napoleonic Wars, Paris has been the beating heart of entertainment for the cosmopolitan class. Every year, millions of tourists flock to explore the alleys and boulevards of the French capital. For many years, Paris had the highest price per square meter in Europe.
Paris’ alter ego holds second place on the Estimate Property list, and that city is none other than Berlin. The chilly atmosphere of northern Germany offers the perfect setting for winter holidays in a city that arguably never sleeps before 6 a.m. The abundance of shops and bars for every type of visitor will satisfy even the wildest entertainment desires. Berlin has transformed into a hub for artists and startup founders looking for opportunities to grow and live well. The diversity of Berlin is perhaps its greatest strength in Germany’s modern multicultural landscape.
The East leads the way in research on its western bridgehead. At the Bosphorus straits lies a city that is a powerhouse in the modern economy of the Middle East and global air travel: Istanbul. The greater area of the ancient and medieval Constantinople now offers a prime opportunity in the real estate market for those seeking a home in the largest city of Western Asia.
New York City could not be absent from this list, as the perennial symbol of wealth, entertainment, networking, and quality of life in American society. Despite this, recent negative developments over the last decade have managed to bring property prices down—at least when adjusted for annual inflation. When we say “price,” we’re referring to the final closing price of a sale, which is believed to be significantly lower than the asking prices seen in listings. Regardless, New York remains one of the top choices for homebuyers.
Toronto hasn’t always been considered an ideal place to own property. Today, however, with the city’s significant business growth and the concentration of all Canadian stock exchanges in the TSX, people from around the world have turned their attention to Toronto. The once “boring” Canada may now be entering a period of notable economic prosperity.
Within the framework of understanding modern real estate barometers lies the metropolis of Dubai. However, it cannot truly be compared to the luxury market of Abu Dhabi, which aims to attract ultra-wealthy individuals seeking a peaceful lifestyle. Advertisements suggest that—unlike Dubai, the other well-known city in the UAE—Abu Dhabi offers visitors a higher degree of privacy and discretion for spending their time in tranquility.
Last but not least is the city of Los Angeles, a magical place in terms of natural environment, which is often compromised by the relentless demands of the market for continuous residential expansion across Southern California. Los Angeles is currently going through a difficult year, facing severe social issues, including the haunting presence of drug abuse, homelessness, and widespread crime that has taken over key areas of the city. Nevertheless, the typical offerings available to prospective buyers keep it high on their list of considerations.
