July 26, 2021

The Commonwealth cost of buying a high-end home around the world

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The latest research by the world’s leading high-net-worth mortgage broker, Enness Global, has revealed the cost of buying at the top-end of the market across each Commonwealth nation and how it differs both globally and with or without the Queen as head of state.

Enness analysed available house price data across 54 Commonwealth nations and found that on average, a high-end home will set you back £1.587m.  

Commonwealth nations located in Asia commanded the highest high-end price tag with an average of £2.358m, followed by Europe (£2.255m) and the Pacific nations (£2.058m).

16 remaining realms within the Commonwealth still recognise the Queen as their head of state, although this could soon be 15 with Barbados stating its intent to become a republic next year. 

However, the nation may want to think twice from a property point of view. The average high-end house price in nations with the Queen still at the helm is currently £2.086m; 49% higher than those without (£1.402m).

zThat said, Singapore ranks top of the Commonwealth house price table despite the Queen not heading the state. The average cost of a high-end home is currently £11,657,759, by far the highest of all Commonwealth nations.

The Queen remains head of state for the following five most prestigious Commonwealth property markets though. Australia (£3.348m) is home to the next highest house price for a prime Commonwealth property, followed by the UK (£3.208m), New Zealand (£2.896m), Canada (£2.630m) and Antigua and Barbuda (£2.318m).

South Africa, Malta, Guyana and the Maldives also rank within the top 10 for the highest property values for a prime property.

Group CEO of Enness Global Mortgages, Islay Robinson, commented: 

“Regardless of your views on the British monarchy, there’s no denying that the Commonwealth as a whole brings huge benefit to its member nations in terms of free trade and economic development, amongst other things.

As a result, these nations remain very attractive to other Commonwealth buyers looking to invest outside of their native county, and this is reflected in the robust price of bricks and mortar across these member states.

Of course, this isn’t to say that you can’t secure a prime Commonwealth property for a relative bargain. Still, many of the Asian, European, Pacific and Caribbean hubs will set you back at least a few million pounds for an impressive prime property.”

Prime property prices across each Commonwealth region
Commonwealth RegionAverage price per square metreAverage price of a prime property*
Caribbean and Americas£2,077£1,543,257
SourcesGlobal Property Guide*Prime property price based on cost per square metre for a property of 743 square metres
Average price of prime property across all Commonwealth regions and those with and without the Queen as Head of State
Commonwealth RegionsAverage price per square metre
All Commonwealth Regions£1,587,174
Commonwealth regions with Queen as Head of State£2,086,072
Commonwealth regions without Queen as Head of State£1,402,397
Difference between those with and without Queen as Head of State49%
Top 20 Commonwealth nations ranked by highest house price for a prime property.
Commonwealth NationRegionAverage price per square metreAverage price of a prime property*Queen as head of state
United KingdomEurope£4,317£3,207,850Y
New ZealandPacific£3,898£2,895,954Y
CanadaCaribbean and Americas£3,540£2,630,510Y
Antigua and BarbudaCaribbean and Americas£3,119£2,317,647Y
South AfricaAfrica£3,109£2,309,987N
GuyanaCaribbean and Americas£2,557£1,899,925N
BarbadosCaribbean and Americas£2,418£1,796,463Y
Solomon IslandsPacific£2,405£1,787,220Y
JamaicaCaribbean and Americas£2,082£1,547,231Y
Sri LankaAsia£2,039£1,515,163N
United Republic of TanzaniaAfrica£1,541£1,145,008N
SourcesGlobal Property Guide*Prime property price based on cost per square metre for a property of 743 square metres 


Notes to Editors: –

  • Enness Global arranges high-value mortgages and finances secured against prime real estate in the UK and internationally.
  • They work exclusively with over 300 global lenders to secure the best terms based on individual circumstances.
  • They offer cohesive global mortgage solutions via a network of international offices and understand the intricacies of individual market places.
  • Enness CEO, Islay Robinson, co-founded the company in 2007 and his expertise have recently been recognised by The Spear’s 500 Guide to the best private client advisers.
  • Co-founder of Enness and Managing Director Hugh Wade-Jones is a widely recognised industry leader, winning Best Broker for Large Loans for three consecutive years, and described by the Financial Times as the to go mortgage broker for the super rich.
  • Both have decades of industry experience between them and are unrivalled in their knowledge of the sector.
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