Cities built on the world’s waterways have always been leaders in innovation, development and growth. Harbours and ports are gateways through which nations greet the rest of the world: exotic new ideas mingle with old traditions against an array of stunning backdrops. Properties set within such desirable cities are perfect for investment – those views will never go out of style, and considering the wide range of waterfront properties available, you’ll be sure to find one that suits your needs. But with all those oceans, rivers and lakes to choose from throughout the world, it can be difficult to pinpoint your perfect location.
There are some cities that stand out from the crowd. The square mileage of Stockholm echoes that of the globe itself – at nearly two thirds water, investors would be hard pushed to find a property here that doesn’t have a view of the beautiful lakes. Mariatorget is said to have the best scenery and conveniently close to the mediaeval Old Town, or Gamla stan. Buying prices for condos or flats begin at SEK4.3 million (£417,185).
If your priority is balmy weather, try Sydney. Instantly recognisable by its harbour side Opera House, this city manages to combine sophistication with an easy-going lifestyle and a laidback attitude with trailblazing expansion. The main attraction here has to be the beaches – houses in Vaucluse, just north of Bondi Beach, sell for a median of Aus. $3.9 million (£2.26 million).
Back in Europe, the standout choice in France has to be Nice. The properties here range in style from Belle Epoque to modern new builds, with prices starting at €400,000 – €800,000 (£334,000-£668,000) for a two bed apartment. Nice’s location on The Cote d’Azur has attracted wealthy émigrés and property investors from all over the world for over a century, creating a rich legacy. You’ll find a similar set-up halfway across the world in San Francisco, where Victorian architecture, views of the Golden Gate Bridge and easily accessible mooring points bolster property values in the Marina District. Condo prices here come in at around $1.16 million (£716,000).
Still, if we at E&V had to choose just one waterfront city to recommend to investors, it would have to be our home city of Hamburg. Known as the ‘Venice of the North’, Hamburg’s beautiful harbour is one of the biggest in Europe and remains a fully operational working port. Renowned for its unrivalled fine dining along the banks of the Elbe River and lush parkland, this is a city in its prime. Investors seeking family properties should look to Alsterdorf with its excellent transport and wide open spaces; young couples tend to favour the newly built HafenCity; and those who crave some of the most lovely views in Europe should focus on the Elbchausee. According to Engel & Völkers market report, houses along this enchanting strip and in other desirable areas of Hamburg can fetch up to €15 million (£12.5 million). Flats will sell from €4500 (£3760) per square metre. Anyone looking to expand their portfolio with a Hamburg property is in guaranteed safe hands with E&V – with our company headquarters based in the city, we have detailed inside knowledge of the market, and can provide expert advice at every stage of the buying process. Visit our website to find out more.