Forget The Green List, Portugal Is Good For House Prices Too

The latest research by high-net-worth mortgage broker Enness Global Mortgages has revealed that Portugal ranks as the most valuable foreign country name found on UK streets.

Enness Global analysed Land Registry sold price records from the previous year, focusing specifically on streets containing the name of another country.

The analysis of more than 500 transactions found 50 different foreign country names across UK road names, with properties on these streets selling for an average of £246,500.

However, homes on roads containing Portugal in their name commanded a significantly higher average sold price of £1.5m.

Hungary ranked next, with average sold prices of £970,000. Morocco followed at £760k, while properties on streets containing Lebanon and Cuba in their names sold for average prices of £504k and £474k respectively.

Other countries to feature amongst the most valuable included Finland, Grenada, Nigeria, Bhutan and Kenya.

At the other end of the market, roads containing China in their name were the most affordable, with an average sold price of £72,475. Uganda followed at £77k, while France also ranked amongst the most affordable at £81k.

The findings highlight the considerable variation in property values across UK streets with international country names, with a difference of approximately £1.4m between the highest and lowest average sold prices.

Hugh Wade-Jones, Managing Director of Enness Global Mortgages, commented:

“Who would have thought that the UK is home to such a wide range of road names with an international flavour? As is often the case across the property market, the value of homes along these internationally named streets can differ considerably, with a difference of £1.4m between the highest and lowest-performing locations.

“Perhaps international buyers are helping to drive prices in some of the most expensive locations, keen to maintain a small connection to home when moving to the UK.”

City Matters