“By classifying each property according to its characteristics and exact location, our data reveals that being located alongside a harbour generates the highest premium of 59.1%. However, at 58.5%, a beachfront home is not far behind with Sydney and Gold Coast registering some of the highest uplifts,” notes the report.
Results from 2018 reveal that Perth (53%), Dubai (51%) and Paris (48%) sit mid-table, with Dubai and Perth’s offering skewered more towards new-build beachfront living.
According to Taimur Khan, Knight Frank’s Research Manager in Dubai said: “Palm Jumeirah, overlooking the Arabian Gulf, is Dubai’s most desirable waterfront location. The scarcity of the product, along with the fact that waterfront properties are usually best-in-class in terms of specification and amenities has insulated values over the last decade.”
“Waterfront properties are also amongst the most liquid. Even in a depressed market, due to their position and scarcity, a front-line waterfront property will face strong demand with prospective buyers aware that their future exit strategy will also be assured,” explains the consultant in its report.