According to the BARNES index, the top cities to invest in luxury real estate in 2021 have been upturned, by the COVID-19 crisis in particular. Zurich took pole position in this year’s index, followed by Copenhagen and Tokyo.
The health crisis coupled with an unprecedented economic crisis has shaken up the deck among the top international cities with wealthy clients. Seemingly unmoveable sure values have been knocked off the top spots, leaving seven cities previously in the BARNES City Index 2020 TOP 10 out of the running this year: New York, Los Angeles, Hong Kong, Toronto, San Francisco, Lisbon and Madrid are no longer among the favourites. This upheaval can be explained by the sudden and particularly fierce nature of this crisis.
The new leaders for 2021 are, in descending order, Zurich, Copenhagen, Tokyo, Miami and Stockholm. Cities that have found favour with investors as they seem to be better equipped than the rest to offer what wealthy families are now looking for in international cities: quality of life, a pleasant environment and security.
Discover the full information and figures in our Global Property Handbook 2021.
© Les Echos - published on Barnes International on 28/01/2021
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