Humankind has historically settled near water. In fact, approximately two thirds of the worlds mega cities are situated on the coast. It comes as no surprise then that owning a waterfront property is more expensive than the average property price. In a report conducted by Knight Frank, they found that across 12 key global cities, properties situated at a harbor had an average added premium of 59.1 percent as of the third quarter of 2018.
Average premiums added for waterfront properties worldwide* as of the 3rd quarter 2018, by location
* data was collected from 12 cities worldwide including London, Paris, Berlin, Lake Geneva, Monaco, Dubai, Hong Kong, Singapore, Perth, Gold coast, Sydney and Melbourne.
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Knight Frank. (December 20, 2018). Average premiums added for waterfront properties worldwide* as of the 3rd quarter 2018, by location [Graph]. In Statista. Retrieved November 10, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/1074384/average-waterfront-premiums-added-worldwide-by-location/
Knight Frank. "Average premiums added for waterfront properties worldwide* as of the 3rd quarter 2018, by location." Chart. December 20, 2018. Statista. Accessed November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1074384/average-waterfront-premiums-added-worldwide-by-location/
Knight Frank. (2018). Average premiums added for waterfront properties worldwide* as of the 3rd quarter 2018, by location. Statista. Statista Inc.. Accessed: November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1074384/average-waterfront-premiums-added-worldwide-by-location/
Knight Frank. "Average Premiums Added for Waterfront Properties Worldwide* as of The 3rd Quarter 2018, by Location." Statista, Statista Inc., 20 Dec 2018, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1074384/average-waterfront-premiums-added-worldwide-by-location/
Knight Frank, Average premiums added for waterfront properties worldwide* as of the 3rd quarter 2018, by location Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1074384/average-waterfront-premiums-added-worldwide-by-location/ (last visited November 10, 2024)
Average premiums added for waterfront properties worldwide* as of the 3rd quarter 2018, by location [Graph], Knight Frank, December 20, 2018. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/1074384/average-waterfront-premiums-added-worldwide-by-location/
