Malaysia and the United States emerged as two of the most prominent sources of high-end global property buyers in 2020, according to research published by Enness Global.
The study, based on Enness’ own transaction data, found that Malaysian buyers secured the highest average property values, funding purchases worth an average of £6.01M. They also recorded the second-largest average loan size at £3.01M.
Buyers from the United States ranked closely behind, purchasing properties worth an average of £5.063M and securing average mortgage loans of £3.271M.
The findings highlighted the continued appetite among high-net-worth individuals for luxury real estate, with property often forming an important part of a diversified wealth and investment strategy.
Despite the disruption caused by the Covid-19 pandemic and continued uncertainty surrounding Brexit, demand across the UK’s high-end property market remained resilient. Prime central London, in particular, continued to attract international interest throughout 2020.
Luxury property can offer high-net-worth buyers a combination of lifestyle appeal, long-term wealth preservation and portfolio diversification. As a result, global demand for prestigious real estate was expected to remain an important factor in the international property market into 2021.
