REGIONAL INSIGHT
Mark Harvey
Partner, Head of International Residential
Waterfront continues to captivate; the scarcity contributes to the desirability and underpins significant returns on investment. Buyers are opting for more practical homes, favouring resort-style managed environments with amenities and family-friendly facilities. Combining such facilities with a waterfront location is even more compelling, with demand strong in locations such as the Tuscan coastline and Sicily, where lower capital values attract considerable interest. The south of France, Marbella & the Balearics offer year-round appeal. Among global cities, Sydney, Auckland, Paris, Geneva and Vienna retain a very strong following, with prime and super-prime markets outperforming, while Florida’s notable waterfront locations, favourable tax regime, and retirement appeal continue to drive strong sales.
“Buyers are opting for more practical homes, favouring resort-style managed environments with amenities and family-friendly facilities.”
The premium for a beachfront property, the highest of all types of waterfronts
of respondents to Knight Frank’s Global Buyer Survey say a view (ocean, mountain, skyline) is more important to them after the pandemic.
Waterfront property premium by city and location
Sydney
Auckland
Monaco
Cap d’Antibes
Paris
Geneva
Vienna
Hong Kong
International waterfront premiums
Beach
Harbour
Riverside
Coastal
Lake
The average premium of a waterfront property across eight global markets
The premium for a riverside property in 2023, up from 29% in 2022