The new Lucrative Landmarks Report from the mortgage experts at money.co.uk analyses the value of property neighbouring 32 of the world’s most iconic landmarks, 20 National Parks, 11 theme parks and seven official wonders of the world. Then compared them to the nearest city’s average house price, creating a Proximity Premium Score*. The research found homes with the most visited landmarks on their doorstep list for an average price of £2,015,014, that’s 246% more than the area’s average.
15 Most Lucrative Landmarks to Live By:
|
Landmark |
Neighbouring Property Price (£) |
Score /32 |
Closest City Property Price (£) |
Score /32 |
Proximity Premium (%) |
Score /32 |
Traffic & CO2 Score /64 |
Total Score |
|||
|
1 |
Arc de Triomphe |
Paris |
France |
£5,397,384 |
29 |
£1,189,836 |
26 |
▲ 354% |
26 |
35 |
116 |
|
2 |
Chateau de Chillon |
Vaud |
Switzerland |
£3,234,505 |
23 |
£1,578,179 |
27 |
▲ 105% |
19 |
46 |
115 |
|
3 |
Buckingham Palace |
London |
United Kingdom |
£5,470,000 |
31 |
£3,575,000 |
30 |
▲ 53% |
13 |
38 |
112 |
|
4 |
Palaces of Westminster |
London |
United Kingdom |
£5,470,000 |
30 |
£4,225,000 |
31 |
▲ 29% |
10 |
40 |
111 |
|
5 |
Eiffel Tower |
Paris |
France |
£3,284,596 |
25 |
£937,621 |
24 |
▲ 250% |
24 |
37 |
110 |
|
6 |
Times Square |
New York |
USA |
£4,422,171 |
27 |
£381,577 |
15 |
▲ 1059% |
31 |
29 |
102 |
|
7 |
Brandenburg Gate |
Berlin |
Germany |
£1,124,968 |
17 |
£141,211 |
3 |
▲ 697% |
29 |
51 |
100 |
|
8 |
The Louvre |
Paris |
France |
£3,197,117 |
23 |
£2,669,599 |
28 |
▲ 20% |
9 |
39 |
99 |
|
9 |
Sydney Opera House |
Sydney |
Australia |
£1,487,563 |
19 |
£486,608 |
21 |
▲ 206% |
23 |
30 |
93 |
|
10 |
Prague Castle |
Prague |
Czech Republic |
£664,114 |
12 |
£429,270 |
18 |
▲ 55% |
14 |
46 |
90 |
|
11 |
The White House |
Washington DC |
USA |
£6,983,047 |
32 |
£279,907 |
7 |
▲ 2395% |
32 |
11 |
82 |
|
12 |
La Sagrada Familia |
Barcelona |
Spain |
£623,820 |
10 |
£312,835 |
8 |
▲ 99% |
17 |
47 |
82 |
|
13 |
Trevi Fountain |
Rome |
Italy |
£1,822,640 |
21 |
£358,375 |
11 |
▲ 409% |
28 |
20 |
80 |
|
14 |
St. Basil’s Cathedral |
Moscow |
Russia |
£3,719,879 |
26 |
£3,361,679 |
29 |
▲ 11% |
8 |
17 |
80 |
|
15 |
The Acropolis |
Athens |
Greece |
£1,332,915 |
18 |
£139,309 |
2 |
▲ 857% |
30 |
25 |
75 |
Source: Money.co.uk
The White House is the most lucrative landmark when we look at the proximity premium figure in isolation. Living in a property fit for a President would cost 2395% more than living in D.C.
The Lucrative Landmarks Report also looked at the volume of traffic and CO2e around the landmark, to assess how pleasant a landmark might be to live around.
Scoring high for both traffic and pollution levels, living in a property neighbouring Edinburgh Castle can decrease property value by 3%, despite being the top historical attraction in the Scottish capital.
Worldwide, property prices soar for homes near National Parks, attracting a 97% premium over similar homes in the closest city. Homebuyers pay a £653,000 premium to have the most iconic National Parks on their doorstep.
Living near to one of the seven Disney resorts worldwide could double the value of your home (105%) with Shanghai Disneyland Resort adding the biggest markup to neighbouring properties; 63% above the average price in Shanghai.
Legoland can be lucrative too, where property prices soar by 104% on average depending on the location.
Salman Haqqi, money.co.uk’s personal finance expert, added: “If you are in the market for a property near a landmark, choosing the right one is essential. Some homeowners will love being next to an iconic tourist attraction. However, others might find the pollution, traffic and footfall overwhelming.
“Our report has found that globally, landmarks can be a fantastic selling point, helping the sale price to outperform the average price for the area.
“Before starting the search for your new home, make sure you have a budget so you know the maximum amount you can afford to spend or borrow based on your deposit and mortgage offer.”
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