For those looking to purchase a property abroad, the associated costs are often a key consideration
The associated costs with buying, owning and selling a property can influence buyer decisions. Property taxes are also often used as a tool by governments to influence residential markets. Since the pandemic, we have seen tax reductions be used as a tool to drive growth in residential markets such as London and Mumbai.
Hong Kong, meanwhile, remains the most expensive city in the World Cities Index for both the purchase price and the associated costs for an overseas buyer. On the other hand, Shenzhen has the cheapest associated costs but has the tenth most expensive purchase price.
Read the articles within Savills Prime Index: World Cities below.