Home Lead Story London trails Paris and New York for famous landmark property values

London trails Paris and New York for famous landmark property values

by LLP Editor
13th Apr 21 8:46 am

Research by Astons, the international experts on real estate, residency and citizenship has revealed that London trails New York, Beijing and Paris when it comes to property prices surrounding famous landmarks.

Astons analysed property prices surrounding 11 famous landmarks across the global property market to find which attracted the highest price tag where a bricks and mortar investment is concerned.

The research shows that France, or more specifically Paris, ranks top with the average apartment-sized property surrounding the Eiffel Tower coming in at £486,244.New York’s Statue of Liberty also places ahead of London. Although there is a distinct lack of available homes on the island itself, an apartment-sized home in the surrounding areas will set you back £478,137.

London’s Big Ben does take the bronze though, with Aston’s research showing a modest-sized home in Westminster will currently set you back £464,547.

The Sydney Opera House (£328,955) and Rome’s Colosseum (£250,678) also rank as some of the most expensive real estate landmarks around the world.

At the other end of the scale, an apartment-sized property within reach of Cairo’s Pyramids of Giza would set you back just £27,431, with the Taj Mahal (£29,706) and Rio’s Christ the Redeemer (£52,893) also presenting some far more affordable options.

Managing Director of Astons, Arthur Sarkisian, commented: “The global property market is wonderfully diverse and allows many investors to build a wide portfolio based on their personal criteria and requirements.

“Of course, investing in the global go-to destinations of Paris, New York and London will come at a considerably higher cost, but even these premier locations will offer a range of investment opportunities at varying price points.

“Identifying the best option in any market will always rely on help from those operating on the ground with the local knowledge and expertise to help facilitate an investment.”

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