The Hottest Spots For Prime Homes For Sale

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The latest research by the world’s leading high-net-worth mortgage broker, Enness Global, has revealed how many prime homes are currently listed for sale per sq km for £3m or more, across 15 property playgrounds of the super-rich homebuyer.

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The research shows that:

  • With 216 £3m+ homes listed for sale in the current market and an approximate size of just 2.02 sq km, there are 107 high-end homes for sale per sq km in Monaco.
  • Across Paris there are an estimated 5.6 prime homes listed for sale per sq km.
  • New York places just ahead of London with 2.4 prime homes for sale per sq km.
  • With 2,689 homes listed at £3m or more, London is home to the largest level of prime stock for sale in the current market. However, with this stock spread across a city of 1,572 sq km, it equates to just 1.7 prime properties per sq km.
  • Mykonos also ranks high, with 1.6 prime homes for sale per sq km, while at the other end of the Aspen (0.01 per sq km) and Venice (0.02) had the lowest level of prime homes for sale based on the size of the area.

Monaco, Paris, NY and London Place As The Hottest Spots For Prime Homes For Sale

Research by the world’s leading high-net-worth mortgage broker, Enness Global, has revealed which areas of the global prime market present the best option for high-end homebuyers when it comes to the number of £3m+ properties for sale per sq km.

Enness analysed the market across 15 property playgrounds of the super-rich, looking at the number of homes listed for sale at £3m. Enness then looked at what this equates to in terms of the number of homes sold per sq km based on the size of each market.

In terms of the highest density of prime properties available on the market, Monaco by far ranks as the world’s hottest HNW property hotspot. With 216 £3m+ homes listed for sale in the current market and an approximate size of just 2.02 sq km, there are 107 high-end homes for sale per sq km in Monaco.

Paris places as the second hottest prime property hotspot. The city currently has some 586 homes listed for sale at £3m or more. With an estimated size of 105.40 sq km, there are currently 5.6 prime homes listed for sale per sq km. This huge disparity between the first and second place destinations demonstrates just why Monaco is the most exclusive property market in the world.

New York places just ahead of London with 2.4 prime homes for sale per sq km. With 2,689 homes listed at £3m or more, London is home to the largest level of prime stock for sale in the current market. However, with this stock spread across a city of 1,572 sq km, it equates to just 1.7 prime properties per sq km.

Mykonos also ranks high, with 1.6 prime homes for sale per sq km, while at the other end of the Aspen (0.01 per sq km) and Venice (0.02) had the lowest level of prime homes for sale based on the size of the area.

The Demand For Exclusivity

Managing Director of Enness Global Mortgages, Hugh Wade-Jones, commented:

“Buyers at the very top of the global property market want exclusivity and when it comes to property, exclusivity is very much a result of high demand and a restricted level of stock availability.

Nowhere breeds this air of exclusivity quite like Monaco, with a consistent level of demand focussed around a very small geographical area. As a result, prime properties account for half of all housing stock currently for sale across Monaco and you’d struggle to kick a stone and fail to hit a home worth upward of £3m.

It’s interesting that while London remains a popular option amongst the world’s wealthiest homebuyers, France and New York actually present a greater level of stock per sq km.

Despite this, London continues to rank as a global prime property superpower and we’re now seeing signs of the high-end London market starting to accelerate through the gears, just as the regular market begins to tail off as the stamp duty holiday approaches.”

Location All homes for sale Homes for sale at £3m and above £3m as a % of all stock Approx area of location (sq km) £3m+ property for sale per sq km Source
Monaco 439 216 49.2% 2.02 106.9 link
Paris, France 17,665 586 3.3% 105.40 5.6 link
New York, United States 28,858 1887 6.5% 783.80 2.4 link
London, United Kingdom 74,580 2,689 3.6% 1,572.00 1.7 link
Mykonos, Greece 1,305 141 10.8% 85.50 1.6 link
Los Angeles, United States 8,107 737 9.1% 1,302.00 0.6 link
Barbados 1,424 174 12.2% 431.00 0.4 link
Ibiza, Spain 3,645 217 6.0% 572.60 0.4 link
Mallorca, Spain 27,999 1,307 4.7% 3,640.00 0.4 link
Dubai, UAE 29,035 822 2.8% 4,114.00 0.2 link
Valais, Switzerland 5852 479 8.2% 5,224.00 0.1 link
Cape Town, South Africa 9,600 35 0.4% 400.30 0.1 link
Provence-Alpes-Côte d’Azur, France 12,857 2,266 17.6% 31,400.00 0.1 link
Venice, Italy 2,471 9 0.4% 414.60 0.02 link
Aspen, United States 339 139 41.0% 9,971.00 0.01

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