Why investors are attracted to waterfront properties
Waterfront properties are amongst the most liquid, even in a depressed market due to its position and scarcity – says Knight Frank
Real estate consultant, Knight Frank unpacks just why waterfront properties in the UAE and across the world are luring investors. In its latest 2019 report: Global Waterfront Report 2019, Knight Frank reveals that prices for prime waterfront properties are on average 40% higher than comparable properties inland.
The index measures the potential value uplift for prime homes on the water’s edge compared with similar properties located further inland without access to, or a view of water. Knight Frank’s data reveals that investors from all over the world searched for prime waterfront property in 2018, led by prospective buyers from the UK, US., Canada, and Australia.