Emerging Luxury Property Investment Markets

What defines a luxury property? This can depend on the location, with many luxury properties starting from as little as £1 million or as high as £10 million. But where are the emerging and fastest growing luxury property markets? Here are a few for overseas property investors to watch:

Toronto

Already thought to have taken Vancouver’s crown as the fastest growing property market in Canada, Toronto continues to boom, especially in the luxury property sector.

Located on the north-western shore of Lake Ontario, with a population of 2.6 million, Toronto is a truly international city. Now the fourth largest city in North America, it has grown hugely over the last twenty years, with the number of skyscrapers trebling in the last decade alone.

With a bustling and cosmopolitan downtown and booming business sector, along with low crime rate and good schools, the city has become one of the hottest property markets in the world.

Short supply and steadily increasing demand is expected to generate a 95 per cent increase in the number of properties selling for over $4 million.

Seattle

The luxury property market is certainly ‘sleepless in Seattle’ as the city currently leads the US in house-price growth.

This beautiful city, nestled amongst lakes and mountains, is attracting many luxury home buyers priced out of places like San Francisco and Los Angeles, who fall in love with properties set in stunning locations.

Employment and higher income opportunities from the many large tech companies based in the city, as well as simply a great quality of life is helping to drive property prices even higher as people flock to the region.

Valencia

Often overshadowed by the Spanish cities of Barcelona and Madrid, between which it is situated in the middle of the mediterranean coastline, Valencia is fast becoming a city to watch.

With over 300 days of sunshine per year and an average temperatue of 18ºC, to enjoy the 20km of sandy beaches and fine local cuisine, the city is attracting a lot of attention from overseas property investors.

Hosting the European Grand Prix of F1 racing and the Valencia Open 500 tennis tournament has also helping to put this vibrant cultural city on the map.

The luxury property market is booming, including new builds and old villas updated with all of the latest amenities.

Croatia

Once a booming tourist destination, the troubles during the break up of Yugoslavia took their toll on Croatia, but now this beautiful country is on the comeback trail.

The stunning natural beauty of the country, with over 1,000 islands sitting off its 1,200 miles of Adriatic coastline, has led to many international property buyers flocking to Croatia.

Luxury beachfront villas, that sell for far less than those in neighbouring meditteranean countries, are a huge attraction to overseas buyers looking for value for money.

It remains to be seen for how long these luxury property bargains will last.