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Updated 13 May 2021

Priorities have shifted significantly since Covid-19 hit. And since remote working is now par for the course, expats are eager to maximise their home space.

Further down we explore what GBP 250,000 will get you in different parts of the world.


The Covid effect

The global pandemic has had a profound effect on how people work and, as a consequence, how they want to live. Remote working has caused a major shift in global mobility as it's made it possible for expats to work from anywhere on Earth, many of whom are jumping at the opportunity to get more bang for their buck in parts of the world where they can afford bigger homes to accommodate a comfortable work-from-home lifestyle.  

Global property consultancy group Knight Frank highlights this fact in their latest report: 'The COVID-19 pandemic, subsequent lockdowns and closed state and international borders have given people time to reflect on their lifestyles. Demands on the home are expanding, reflecting changes in the way they live and use their space. As a consequence, more and more people are seeking detached family homes and favouring waterfront and rural homes in particular. Large gardens and outdoor space are now more of a priority, with the lockdown period emphasising the connection between wellbeing and the great outdoors.'

The report also shows that, while prime residential prices performed better than expected in 2020 despite the effects of Covid, growing by about 1.9 percent globally, areas such as Buenos Aires (-12 percent) and Cape Town (-9.2 percent) saw large drops in their prime residency value. This has spurred locals and expats alike into snapping up properties in these and other regions where real-estate value has decreased, and where their currency might stretch further.

At the other end of the spectrum Monaco and Hong Kong are still the world’s most expensive residential markets – positions they have held for the past decade, while London retains its third spot, and New York remains in fourth. Auckland, meanwhile, leads the index with average prices ending the year 18 percent higher, primarily as a result of New Zealand’s excellent handling of the pandemic, huge demand, and low mortgage rates.

Take a look at what kind of home GBP 250,000 might buy you in popular expat hotspots around the world.


Cape Town, South Africa

Three-bedroom, three-bathroom house in Rondebosch ZAR 4.9 million (GBP 246,730)

Cape Town 1

Cape Town 1b

 

Four-bedroom, three-bathroom house in Harfield Village ZAR 4.5 millon (GBP 226,480)

Cape Town 2

Cape Town 2b


Johannesburg, South Africa

Three-bedroom, two-bathroom house in Parkhurst ZAR 4.75 million (GBP 238,950)

Joburg 1

Joburg 1b

 

Four-bedroom, four-bathroom house in Parkhurst ZAR 4.8 million (GBP 241,327)

Joburg 2

Joburg 2b


Auckland, New Zealand

Two-bedroom, one-bathroom apartment in Hobson Street NZD 489,000 (GBP 252,890)

Auckland

Auckland b


Perth, Australia

Two-bedroom, two-bathroom apartment in Adelaide Terrace AUD 470, 000 (GBP 262,500)

Perth 1

Perth 1b


Toronto, Canada

One-bedroom, one bathroom in King West CAD 429,900 (GBP 248,530)

Toronto

Toronto b


Brooklyn, New York, USA

Two-bedroom, one-bathroom apartment in East 58th Street USD 315,000 (GBP 228,950)

Brooklyn 1

Brooklyn 1b

 

One-bedroom, one-bathroom apartment in 79th Street USD 339,000 (GBP 246,368)

Brooklyn 2

Brooklyn 2b


London, UK

Two-bedroom, two-bathroom apartment in Dagenham GBP 250,000

London 1

London 1b

 

Two-bedroom, two-bathroom apartment in Romford GBP 250,000

London 2

London 2b

Expat Health Insurance

Cigna Health Insurance

Cigna Global

With 86 million customer relationships in over 200 countries, Cigna Global has unrivalled experience in dealing with varied and unique medical situations and delivering high standards of service wherever you live in the world.

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“Aetna

Aetna

Aetna International, offering comprehensive global medical coverage, has a network of 1.3 million medical providers worldwide. You will have the flexibility to choose from six areas of coverage, including worldwide, multiple levels of benefits to choose from, plus various optional benefits to meet your needs.

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Moving Companies

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Moving Internationally?

Sirelo has a network of more than 500 international removal companies that can move your furniture and possessions to your new home. By filling in a form, you’ll get up to 5 quotes from recommended movers. This service is free of charge and will help you select an international moving company that suits your needs and budget.

Get your free no-obligation quotes now!