Debt advisory specialist Henry Dannell recently analysed the average sold price on roads containing another country within their name.
By evaluating sold price data for homes sold in the last year across each of these homes, they were able to discover which had the highest property values.
The most and least valuable homes
Properties on roads with names containing ‘Luxembourg’ were the most valuable. These properties sold for an average of £3.35 million last year.
Homes along roads that contain the word ‘Portugal’ had an average price of £2.74 million over the past 12 months, while road names with ‘Spain’ embedded in the title cost an average of £1.3 million.
Londoners can expect to pay an average of £899,000 for a house on a road named after Cyprus and £631,750 for a property on a road with ‘Russia' in the name.
Also ranking within the top 10 include homes along roads whose names that contain ‘Singapore’ (£505,000), ‘Finland’ (£475,000), ‘France’ and ‘Japan’ (£450,000).
Road names that include foreign nations that were more affordable include ‘Norway’ (£269,500), ‘Australia’ (£295,000), and ‘Cuba’ (£326,750).
Director of Henry Dannell, Geoff Garrett, explains: “The capital’s property market is probably one of the most reliant on foreign buyer demand and we’ve seen how a pandemic reduction in activity from this segment of the market has slowed the rate of house price growth across the capital."
"Fitting then, that there should be so many roads named after so many different foreign nations all over the London market. Of course, depending on which you might opt for, the cost of buying is dramatically different."
"Who would have thought that Luxembourg would command by far the highest average sold price when it comes to London property?”