The past few years have seen homeowners’ priorities in flux.
Pandemic lockdowns and the rise of home working led to a spike in the demand for rural homes—but the escape to the country didn’t last long. As soon as “normal life” reared its head, the world’s cities saw an influx of new and former residents, drawn by the allure of city living.
Last year, growing demand for luxury city centre apartments led to a noticeable escalation in prices. Meanwhile, housing rents have increased by more than 50% in key global cities over the past two years. According to the Knight Frank Prime Global Rental Index, global residential rents are surging at three times their pre-pandemic rate, creating new opportunities for investors in prime residential markets.
We’re always on the lookout for affordable cities that offer strong growth potential for our clients. Whether you’re in the market for a permanent home in the city centre or are looking to reap the rewards of a buy-to-let investment, take a look at these 4 luxury apartments in some of the world’s most up-and-coming cities.
Alecrim 51, Lisbon
This stately 18th-century building is located on Rua do Alecrim, one of the most prestigious streets in Lisbon’s old quarter. The development offers 14 residential spaces spread over five floors, with an elevator offering direct street access.
As well as original features and sweeping river views, Alecrim 51 boasts first-class materials and luxury fittings. A winter garden or bijou patio is built around the interior spaces, creating amazing atmospheres.
Right on the doorstep lie fashionable restaurants and cafes, concert halls, museums, art galleries, shops, and bookstores. You are also a few steps from the metro, bus and tram stops, and a short walk from the train station and ferry terminal.
Portugal’s capital city is one of the hottest cities for real estate investment right now. Tourists and property buyers alike are drawn to Lisbon by its beautiful buildings, rich culture, and comparatively low cost of living. House prices are demonstrating consistent growth (7.7% year-on-year in the first quarter). On top of this, the city saw the most significant increase in global prime rents (13.9%) in the first half of 2023.
Spirit Residence, Budapest
Spirit Residence is being built at a popular site in one of Budapest’s most rapidly evolving districts. The 8-storey development comprises 210 apartments boasting large glass surfaces and bright spaces.
Residents can enjoy a breath of fresh air and a moment away from the bustling city of Budapest in a beautifully landscaped inner garden.
On the top floor, apartments have large terraces and offer a beautiful panorama of both the Buda side and the Pest side of the city.
Budapest is one of Europe’s most popular city break destinations and a prime location for investment. The price of real estate per square metre is far behind that of other major European cities, despite prices increasing by more than 30% over the last couple of years.
These high-specification apartments are near the Corvinus and Semmelweis Universities and just a short walk away from Müpa, Ludwig Museum, the National Theatre, Budapest Park, and Dandár Thermal Bath.
Loom, Panama City
Loom is a residential project located in the popular San Francisco district of Panama City, Panama. This trendy neighbourhood has the city’s gastronomy at its heart, coupled with bars, music, shopping, and a vibrant atmosphere.
Each one-bedroom apartment at Loom is fully furnished offering a stylish, modern finish. The development also includes a variety of communal areas including a swimming pool, terrace, lounge, and BBQ area.
This particular neighbourhood of Panama City has become very popular with both young professionals and tourists. The project offers full rental management, with Airbnb eligibility, so investors can maximise their returns and benefit from short, medium, and long-term rentals.
Panama City is a a well-connected, modern city, and one of the fastest-growing economies in Latin America. The weather, culture, food, and tax advantages make Panama an excellent choice for investors. Foreign earned income isn’t taxed, and buyers can secure residence permits in Panama with real estate purchases above 300,000 USD.
Berkeley Square, Manchester
Designed by award-winning architects, Berkeley Square combines the convenience of city living with open green spaces and a stunning waterfront location.
This new luxury development occupies a prime location between Manchester City Centre and MediaCityUK in Salford. It is surrounded by independent bakeries, bars, and coffee shops, with outstanding transport links.
Each apartment has a stylish, high-end feel that combines minimalism with subtle flourishes. The open-plan living areas have large windows that flood the apartments with light and allow residents to overlook Salford and the River Irwell.
All residents can access either communal or private outdoor spaces, with several apartments having balconies and private roof terraces. Other communal facilities include an onsite hi-tech gymnasium and hotel-style 24-hour concierge.
Greater Manchester is rapidly becoming one of the best places in the UK to be a property investor with high rates of capital growth, outstanding rental yields, and a vibrant economy.
Neighbouring the city of Manchester, Salford is an opportune location for investors. Property prices have risen by 290% in the last 20 years, and rent prices grew 14.2% YoY in June, reflecting the largest growth in the region.
If one of these luxury city centre apartments has caught your eye, get in touch to speak to one of our property consultants.
Contact us today for available properties around the world.
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