In its 10th Annual Wealth Report, Knight Frank handpicked three hot neighborhoods around the world where savvy investors should be looking to buy. The London-based real estate consultancy considered a number of factors, including quality of life, employment growth, infrastructure, bang for the buck and expected rate of return. Below, insights from the Knight Frank report.
Pimlico, South London
“An area that remains one of central London’s very few overlooked residential markets. High-quality housing stock, a riverside location and proximity to established prime markets combine to ensure the area stands to benefit from the major regeneration work taking place in adjacent Victoria.”
On the Market:
Price: $6.4 million
Bedroom: 3
Bathroom: 3 This apartment in the iconic 20-story Panoramic building in Pimlico has views of the Thames and London’s skyline. View full listing
Lower East Side, New York
“New infrastructure, amenities and restaurants are driving price growth in an area burgeoning with luxury developments by developers like Ian Schrager and architects Herzog & de Meuron. Proximity to Nolita, SoHo and the East Village is helping market product to investors.”
On the Market:
Price: $1.375 million
Bedroom: 1
Bathroom: 1 50 Clinton is comprised of 37 condominium residences with luxurious amenities, including a 24-hour-attended, emerald-clad lobby; state-of-the-art fitness center; and a landscaped rooftop terrace with grilling stations. View full listing
Chiyoda, Tokyo
“The prime residential market in Chiyoda—along with Minato and Chūō, the two other central Tokyo wards—has performed well since the advent of Abenomics. While Japan’s overall population is in decline, Tokyo continues to see its numbers swell. Chiyoda’s residential market looks set to benefit from the 2020 Olympic Games, which will bring improvements in infrastructure and attract foreign investment.”
On the Market:
Price: $1.15 million
Bedroom: 2
Bathroom: 1 This luxurious apartment with 24-hour concierge is a two-minute walk from Tokyo’s political hub, where the prime minister’s residence is located. View full listing