Skip to main content
back

5 Best Cities for Real Estate Investment in 2024

Published on September 02, 2024

Deciding where to buy is just as important as what you buy. If you want to see a good return on your investment, picking the right city is key. Choose the right location, and you can generate substantial rental income while your property grows in value.

florian-wehde-8bjnP3yhNTg-unsplash.jpg

5 Best Cities for Real Estate Investment in 2024

Deciding where to buy is just as important as what you buy. If you want to see a good return on your investment, picking the right city is key. Choose the right location, and you can generate substantial rental income while your property grows in value.

In this guide, we're going to reveal the best cities for real estate investment based on factors like population growth, rental yields, and rising home prices. Keep reading to find the perfect spot for your next property.

 

1. Riyadh: High Rental Yields and Strong Growth

aaa

• Population: 7,820,551 

• Average Gross Rental Yield: 11.58% 

• Average House Price: $1,417 per square metre 

• Average Annual House Value Increase: 3.6%

Riyadh is quickly becoming a hot spot for real estate investment. Saudi Arabia's ambitious Vision 2030 plan has seen improvements to the city's infrastructure, business environment, and housing market.

While property prices are still relatively affordable, investors can expect impressive rental yields with healthy appreciation. Riyadh is an excellent choice for investors seeking immediate income and sustainable long-term growth.

2. London: A Global City with a Stable Market

david-monaghan-J-wEJwSiAbQ-unsplash.jpg

Population: 9,748,033

Average Gross Rental Yield: 4.93%

Average House Price: $9,282 per square metre

Average Annual House Value Increase: 0.6%

London is one of the world's most sought-after real estate markets. With properties averaging $9,282 per square metre, buying into the market isn't cheap. But investors can expect steady rental yields.

Property value growth has slowed in the last year, but London is still an excellent option if you're looking for safe and secure real estate investments.

3. Dubai: Rapid Appreciation in a Booming Economy

zq-lee-VbDjv8-8ibc-unsplash.jpg

Population: 3,051,016

Average Gross Rental Yield: 8.6%

Average House Price: $3,976 per square metre

Average Annual House Value Increase: 17.4%

Dubai is one of the world's fastest-growing real estate markets. Its strategic location, tax-free income, and luxurious lifestyle appeal to residents and investors.

Real estate investors can enjoy high rental yields and fast appreciation - property values have grown by 17.4% in the past year alone. The potential for immediate income and long-term gains makes the city an attractive market.

4. Lisbon: Affordable Investment with Promising Growth

andreas-brucker-X87yB-jvYHw-unsplash.jpg

Population: 3,014,607

Average Gross Rental Yield: 5.65%

Average House Price: $5,963 per square metre

Average Annual House Value Increase: 4.9%

Lisbon is one of the top European cities for real estate investment. The historic city is undergoing significant infrastructure and revitalization projects, fueling demand for real estate.

Growing interest from locals and expatriates has pushed up rental yields. But property prices remain relatively affordable, with home values steadily increasing every year. Lisbon is a solid choice for investors seeking rental income and potential for capital growth.

5. Istanbul: High Returns in a Fast-Growing Market

pelin-rabia-kuran-YI8hEj17Yzo-unsplash.jpg

Population: 16,047,350

Average Gross Rental Yield: 6.63%

Average House Price: $1,235 per square metre

Average Annual House Value Increase: 36.62%

Istanbul offers some of the most exciting opportunities to invest in real estate anywhere in the world. This vibrant city experienced an incredible 36.62% increase in property values over the past year.

Despite this rapid growth, Istanbul remains affordable. And with strong rental yields, it's an enticing city for investors looking to add a rental property to their portfolio.

Conclusion

Location is everything when you're investing in real estate. Whether you're interested in the high rental yields or rapid appreciation, these markets are full of opportunities. 

You can learn more about the best investment opportunities at Cityscape Global 2024. Gain valuable insights on building and managing a successful portfolio and make the connections you need to maximise your investments. 

The world's most ambitious real estate event takes place from November 11-14, 2024, at the Exhibition and Convention Center in Malham, Riyadh.