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New Report Lists Best-Value Second Home Destinations

by Marquette Turner

in Investing in Property, Real Estate Radar, Resources, Variety

A report recently released by Savills ranks the top 36 most popular resort and second home locations around the world.

Among the surprises: Apartments in Warsaw, Poland are selling for higher prices than Dubai. Manhattan and Paris are running neck in neck, but Moscow makes them both look cheap. Little wonder that the Russians are on an international buying spree, with Hong Kong residents close behind them.

Marrakesh, Morocco is one of the best-value places for a vacation home

City/Location
Price €/sqm (€1 is approximately $1.20 USD)

  1. Marrakech, Morocco 1,425
  2. Egypt, Cairo 1,460
  3. Oman, Muscat 1,881
  4. Vietnam, Hanoi 2,190
  5. Seychelles, Mahé 2,462
  6. St Lucia 2,624
  7. US, Sarasota, FL 2,779
  8. St Nevis 2,902
  9. Portugal, Algarve 3,000
  10. Spain, Sotogrande 3,000
  11. UAE, Dubai 3,366
  12. Montenegro, Budva 3,650
  13. Vietnam, Ho Chi Minh City 3,833
  14. Austria, Zell am See 4,000
  15. Turkey, Istanbul 4,380
  16. Croatia, Dubrovnik 4,500
  17. Poland, Warsaw 4,563
  18. Portugal, Lisbon 5,000
  19. France, Nice 6,000
  20. South Africa, Cape Town 6,125
  21. New Zealand, Auckland 7,013
  22. Switzerland, Geneva 7,740
  23. Spain, Majorca 8,000
  24. Italy, Sardinia (Costa Smeralda) 9,000
  25. Italy, Milan 10,000
  26. Singapore 10,218
  27. China, Shanghai 10,829
  28. US, Manhattan, NYC 10,950
  29. France, Paris 11,500
  30. Australia, Sydney 12,940
  31. Hong Kong 14,539
  32. Russia, Moscow 18,250
  33. France, Courchevel 20,000
  34. UK, London 20,141
  35. France, Cannes (Croisette) 25,000
  36. Monaco 50,000

If you’re looking for a vacation home anywhere in the world, search with Marquette Turner

Monte Carlo is one of the most expensive places for a vacation home

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