Top 10 Most Scorching Property Hotspots in the World

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Throughout the global economic crisis and the recessions that followed, seasoned investors have been adding tangible assets to their portfolios to protect their capital.

The world's most popular tangible asset is property and in recent years, with prices tumbling to well below peak levels, it's been very much a buyer's market for quite some time.

Naturally, those who have profited most during these times of recession are likely to have had quite a bit to lose before things went haywire across the globe and so it is no surprise that the strongest recovery in global property markets has been very much at the top end in prime markets such as London and New York.

As cash rich investors have been snapping up high-end bargains all over the world they have found value in some surprising places. Here are the ten hottest property investment destinations for the ultra-rich:


Monaco

Tour Odeon This is a well-established destination for the rich and famous for property investment. A large part of its appeal is the income tax-free status together with its glamourous location close to the Alps, Italy and the Côte d'Azur. Monaco has been hugely popular with affluent Europeans for many decades however now, there is a rising interest from American investors seeking a well-placed pied-à-terre in one of Europe's most prestigious playgrounds.

Key Development: The completion of the Tour Odéon Monaco, reputed to be the most expensive tower in the world with average sales at around €60,000 per square metre. The tower has 49 storeys and is the largest tower in the South of France, affording incredible views to every apartment.

Due for completion later this year, the tower will have 73 luxurious apartments, with over a third already purchased from plans. The only penthouse has not been formally priced at this stage but is rumoured to be put up for sale for in excess of €250m.


Charleston, South Carolina, USA

Charleston Located on America's east coast, historic Charleston has a temperate all year round climate that allows for all types of outdoor recreations, proving a popular attraction to property investors.

The coastal city has a very surprising economic success story that also appeals to buyers, particularly from within the US. Over 250 small-scale tech and digital companies have set up offices in the Charleston area making it one of the 10 fastest growing cities for software and internet technologies in the US.

Key Development: Halsey Park is a new up-market development located in Harleston Village in the heart of downtown Charleston. The plans are for terraced townhouses with private rooftop decks and harbour views. Townhouses are priced at just above €1m with houses in the historic core of Charleston topping €7.5m.


Vail, Colorado, USA

Ritz Carlton Vail Popular with skiers, Vail is one of the most desirable destinations in the Rocky Mountains, accessible by non-stop air service from New York City allowing easy passage to America's most wealthy. Properties are mainly turn-key places in luxurious resorts such as The Four Seasons, Ritz-Carlton and Solaris and sales have increased by over a quarter since 2012 with some properties allowing 100% financing.

Key Developments: Ritz-Carlton have recently completed a Bavarian-style condominium building which has 71 two to six bedroom homes in their building in Vail. The average price is €12,000 per square meter although you do get a lot for your money. Along with gas fireplaces, a balcony or patio, Bosch appliances and marble baths, owners in the full-service condo have free rein of 13 acres of mountains and valley on the banks of Gore Creek. A few steps and they're on the Eagle Bahn Gondola. Vail is noted for some of the region's best shopping and restaurants.


Kauai, Hawaii

Tour Odeon Kauai is one of the least known Hawaiian island and also the least developed although has the same lush tropical landscape with rainforests and swathes of white sandy beaches as the more popular Hawaiian resorts.

Key Developments: Kuku'ula is a €75m member-based community developed by a Honolulu and Scottsdale-based real estate company. The site rises 100 meters so that every plot has amazing views of the idyllic Kukai Bay on the south shore of the island.

Prices start at €750,000 with detached cottages listed for €1.9m and residents are granted entry into the exclusive members' club the development is centred around. No property is permitted to be taller than a palm tree on Kauai and so uninterrupted views are guaranteed.


Anguilla, Caribbean

Viceroy Anguilla is a tiny Caribbean island that is part of British overseas territory. A year-round tropical climate, 33 white-sand beaches and very few high-end resorts and villas, Anguilla is as close as you can get to a private-island resort albeit with a much lower price tag.

Key Developments: The Viceroy Anguilla is set on almost a mile of beach front with each home having lots of glass walls, affording incredible views to privileged owners. The price range is between €375,000 and €5m and buyers are allowed access to all the resort's amenities.

Another development due for completion in 2015 is Zemi Beach, a boutique beachfront resort with 28 two to three bedroom residences and a penthouse with private plunge pools. Properties are currently available for purchase off-plan with prices starting at €1.5m.


Antigua, Caribbean

Jumby Bay Hugely popular with Americans for its laid-back lifestyle, picture-perfect beaches and foreigner-friendly banking system, Antigua has long been a destination of choice for wealthy property investors.

Key Developments: A 56-home, 300-acre private-island resort called Jumby Bay has been drawing in rich investors since its completion back in the 1980s. With strong security and privacy being top priorities of high-net-worth-individuals, Jumby Bay has a great deal of appeal and owners become members of one of the most exclusive clubs in the Caribbean.

With price tags of between €5m and €22m, homes on the island do not come cheap although owners are able to recoup some of their investment by throwing their residences into the hotel rental pool, where estates rent for around €7,500 per night.


Patagonia, Argentina

El Desafio Argentina's north-to-south expanse offers everything from desert plains to wine country to the European-styled capital, Buenos Aires. The varied landscape provides plenty of opportunity for seclusion to rich property buyers and compares favourably in terms of price with Brazil.

Patagonia's most interesting region is around the ski resort of Bariloche which is said to feel like Switzerland along the lakes and the Andes mountains.

Key Developments: the Alrio is a 40-acre development along the Rio de la Plata in Buenos Aires. Combining high-service residential towers with a shopping mall, cultural spaces and office buildings, the Alrio can fetch prices of up to €11,000 per square metre for the 500sqm penthouse.

In Patagonia, HM Capital is offering around 30 hectares of mountains, rivers and polo fields for sale set within a luxurious resort, El Desafío. A typical lot sells for around €100,000 and comes with access to Desafío's luxury resort and all its amenities.


Tel Aviv, Israel

Meier on Rothschild Israel enjoys an almost completely recession-proof economy. Along with the natural gas industry, Israel's commercial capital of Tel Aviv has experienced a major tech boom, drawing entrepreneurs from around the world. The city combines the feel of New York with the climate of Los Angeles and with beautiful architecture and diverse neighbourhoods, has been an attraction to property investors for many years.

Key Developments: The Meier on Rothschild tower is an iconic piece of architecture located at one of the best and hippest locations in the city. Owners can expect private wine cellars, an owner's tasting bar, an Olympic-sized swimming pool, spa and 24-hour staff. Naturally, this luxury comes with a high price tag of between €1.5m for a studio and €40m for a penthouse.

According to Goldman Sachs, property prices in Tel Aviv have risen by 40% since 2009, presenting an attractive investment opportunity to those with the money.


One Hyde Park, London

Tour Odeon London is a hub for finance, art, technology and businesses of every type, from media to fashion. Popular with American investors for the stability of the property market and like-minded population, buyers from China are on the rise with Russians not far behind in snapping up exclusive bargains in London's prime locations.

Key developments: One Hyde Park went on the market in 2007 and set the bar for its quality of finish and the range of services provided to owners. At the peak of the market, prices reached €70,000 per square meter making the property one of the most expensive addresses in Europe.

Also gaining interest is 5 Princes Gate, a small building by award-winning developer Mike Spink in Knightsbridge together with One Blackfriars, a 52-storey mixed-use tower on the riverside site of the old Sainsbury's headquarters with prices starting at €600,000.


Jackson Hole, Wyoming, USA

Wyoming has one of the best tax structures in America and easy access to the great outdoors with Grand Teton National Park located just outside the area offering safari and skiing experiences.

Key Developments: The Snake River Sporting Club is a private club set in 20 hectares of rugged wilderness providing all-season activities to its members. Particularly popular with New Yorkers, Snake River is like living on a ranch, offering a real getaway opportunity for high-stress business executives with a price tag of up to €5m.

Jackson Hole has more billionaires per capital than any county in the US with Harrison Ford and Sandra Bullock owning homes there, along with the world's richest woman, Christy Walton.

Snake River Lodge

 

 

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