Research has revealed the amazing international properties you could buy for the price of a London flat.
With the average price of a London flat currently standing at £399,011*, most Brits would agree you can get so much more for your money in other parts of the UK, but what about the rest of the world? National ‘fast sale estate agency’ Springbok Properties set out to discover the vast variety of homes around the world you could buy for the same price… and they came up with some enticing alternatives…
A US equivalent of $485,957 is enough to purchase a one-bed apartment in this impressive hotel-style building on Park Avenue in New York – complete with maid service, concierge and amenities.
Alternatively, for the same price as a London flat, buyers could opt for a one-bed apartment in downtown Los Angeles boasting a roof terrace with city views.
Buyers seeking a property with more of a family feel will see their money well spent in Dubai according to Springbok’s research, where their £399,011 – or AED 1,785,634 – will buy them a luxurious four-bedroom villa in the Jumeirah Village Triangle.
Elsewhere in the Middle East, the agents found a one-bed luxury apartment in a beachfront tower in Doha, Qatar’s capital city, with an impressive marina view, gym, shared pool and parking.
An equivalent 52,788,557 in Japanese Yen would buy you a three-bed townhouse in Tokyo.
While exchanging £399,011 for Hong Kong dollars would be enough for a waterside studio apartment on the island. Alternatively, the equivalent in Yuan would get you a one-bed apartment in a Shanghai high-rise block, while for the same cost in Singapore dollars, you could buy a one-bed apartment in a premium location with a communal pool and gardens.
Another option, for 33,450,555 rupees, buyers could afford a modern, art deco-style apartment boasting good transport links in New Delhi, whereas the equivalent in Turkish Lira would be enough to buy a luxury three-bed apartment in Istanbul’s city centre.
Buyers seeking a more spacious, three-bed property could look to buy in Cape Town in South Africa, where the equivalent of £399, 011 would buy a suburban house with a private patio, garden and private parking.
Closer to home, the agents found a period one-bed apartment in Paris for €436,001 – the same price as a London flat – while in Rome they found a two-bed apartment with roof terrace views of the elegant, historic Prati-Clodio district.
Shepherd Ncube, Founder and CEO of Springbok Properties, commented:
“We all know London is expensive but for the same price as a flat in the capital, buyers could afford all sorts of different properties worldwide and most of them will leave you questioning why you live in the UK full stop, let alone London.
“Townhouses, suburban homes and luxury apartments with all different kinds of amenities are available for the same price, and – in some cases – buyers may find the added benefit of a more appealing climate!
“That said, if you’re looking for a permanent move and don’t necessarily want to endure a culture shock, the price of a London flat will also get you some pretty awesome properties elsewhere around the UK.”
*according to the latest land registry house price index which lists homes by property type, so the category for flats encompasses flats of all sizes.