Forget The Green List, Portugal Is Good For House Prices

The latest research by the leading high-net-worth mortgage broker, Enness Global Mortgages, has revealed that Portugal isn’t just popular amongst the UK population as a potential green list holiday destination, but it also ranks top where house prices are concerned.

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Enness Global analysed sold price records from the Land Registry over the last year looking specifically at streets containing the name of another nation. The analysis of over 500 transactions found as many as 50 different foreign country road names, with properties found on these roads selling for an average of £246,500.

Portugal's Attractive House Prices

However, for homebuyers looking for a Portuguese inspired property, the cost of homeownership is far higher with homes commanding £1.5m on average along roads with Portugal in the name.

Hungary also proved popular with sold prices averaging £970,000, while Morocco (£760k), Lebanon (£504k) and Cuba (£474k) also ranked amongst the most expensive.

Other nations to feature in the top 10 included Finland (£440k), Grenada (£418k), Nigeria (£393k), Bhutan (£380k) and Kenya (£360k).

Not every foreign nation makes for a desirable piece of UK bricks and mortar though. With sold prices averaging just £72,475, road names containing China are the most affordable. Uganda (£77k) also came in below the £80,000 mark, while France (£81k) also ranks as one of the lowest where sold prices are concerned.

Value Of Property Along Internation Roads

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

“Who would have thought the UK is home to such a range of road names with an international flavour? As is often the case across the property market, the value of property along these international road names can differ drastically, with a difference of £1.4m between the best and worst-performing.

Who knows, perhaps it’s international buyers pushing prices up in the most expensive, keen to maintain a little slice of home when moving to the UK.”

Table shows the median sold price across road names containing a different nation Nation Median sold price (last 12 months) Portugal £1,504,000 Hungary £970,000 Morocco £760,000 Lebanon £503,750 Cuba £473,500 Finland £440,000 Grenada £418,000 Nigeria £393,000 Bhutan £380,000 Kenya £360,000 Turkey £347,500 Maldives £343,000 Singapore £342,500 Guinea £341,500 Guyana £311,500 Russia £282,500 Sweden £275,000 Georgia £268,000 Poland £265,500 Bermuda £265,000 Gibraltar £262,500 Cyprus £260,000 Dominica £253,750 Denmark £251,000 Jordan £248,000 Samoa £245,000 Madagascar £241,500 Canada £230,000 Malta £230,000 Montserrat £225,000 Martinique £217,500 Honduras £216,500 Egypt £210,000 Peru £195,000 Japan £190,000 Jamaica £183,000 Norway £180,500 Australia £180,000 Ireland £165,000 Brazil £160,000 Chad £150,000 Panama £145,000 Monaco £141,000 Ukraine £125,000 Netherlands £118,000 India £110,000 Niger £91,000 France £80,750 Uganda £77,470 China £72,475 Average £246,500 Data sourced from the Land Registry Sold Price Records - Apr 2020 to Mar 2021 (latest available)

 Enness Global arranges high-value mortgages and finances secured against prime real estate in the UK and internationally.

They work exclusively with over 500 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 and also by Tatler, being the first HNW Property Financer to be included in their address book. 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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