INTERNATIONAL WATERFRONT INSIGHT

Mark Harvey Partner, Head of International Residential


As a result of the pandemic, it’s clear that many of our clients have been re-evaluating their lives, and consequently their real estate aspirations. Where people have perhaps been more cautious in the past, there has been a distinct increase in activity shaped by lifestyle considerations and a determined drive among our clients to secure a second home that meets the “new world order” – with a push towards the exceptional and new watermarks being reached. Two success stories that spring to mind are One Barangaroo in Sydney and the Royal Atlantis in Dubai, both of which have seen high sale volumes due to their incomparable waterfront positions, eye-catching architecture and world class amenities. The enduring appeal for US and Caribbean waterfront homes persists, with private islands particularly gaining popularity among the super-rich. Around the Mediterranean, water views are de rigueur when buying a property. From the Antares high rise – a new icon on Barcelona’s already impressive skyline - to individual homes gracing the Italian, French and Spanish coasts – demand for waterfront homes has never been stronger. Add to this a significant reduction in supply levels and you can begin to understand the appetite, investment and justifiable premiums that often come with owning something waterfront.


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SYDNEY


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BRISBANE

Prime residential prices: 12-month % change to average price - Q1 2021


TWO SUCCESS STORIES THAT SPRING TO MIND ARE ONE BARANGAROO IN SYDNEY AND THE ROYAL ATLANTIS IN DUBAI, BOTH OF WHICH HAVE SEEN HIGH SALE VOLUMES DUE TO THEIR INCOMPARABLE WATERFRONT POSITIONS, EYE-CATCHING ARCHITECTURE AND WORLD CLASS AMENITIES.


US & CARIBBEAN

Waterfront homes persist, with private islands particularly gaining popularity among the super-rich.


MEDITERRANEAN

From the Antares high rise – a new icon on Barcelona’s already impressive skyline - to individual homes gracing the Italian, French and Spanish coasts – demand for waterfront homes has never been stronger.


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Due to Covid-19, 56% of UNHWIs are more likely to buy a house in a resort or costal area. This was the most popular location in this year’s Wealth Report Attitudes Survey.


Add to this a significant reduction in supply levels and you can begin to understand the appetite, investment and justifiable premiums that often come with owning something waterfront.


GENEVA

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LISBON

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DUBLIN

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Average premium uplift (city) - Q3 2020.


Contents


International properties