Top 5 livable cities in Europe vs best ROI

Top 5 livable cities in Europe vs best ROI

We’ve done some quick research to compare the most livable cities with the ones that have the best ROI (return on investment). There are different studies on this topic and the aspects that were taken into consideration were the price of properties, surroundings and percentage of sales during the last years. From a livable perspective, the main aspects were infrastructure, education, healthcare system, and here are the results that came through:

  1. Livability – Vienna, Austria

Vienna, the capital of Austria, is not only the most livable city in Europe but also in the world. The city achieved the first position on the podium for its stability, infrastructure, education and healthcare. It’s a city with a plentiful history from the Austrian Empire to the musical legacy it has spawned.

ROI – Zagreb, Croatia

Unfortunately, Vienna doesn’t seem to be at all close to the cities with the best ROI. In fact, the first one is Zagreb, the capital of Croatia. It has all the signs for reaching a tipping point in the next few years. In 2018, the prices increased by 20% and, in the past twelve months, there has been a 30% increase in homes being advertised on Airbnb. The demand is certainly increasing every day.

  1. Livability – Zurich, Switzerland

Zurich is, like Vienna, not only the second-best livable city in Europe, but also in the world.  Even though you need a high budget to live there, it is a multicultural city with a medieval center, surrounded by mountains, with a river and a lake. Basically, it has all the fabulous natural landscapes in one place.

ROI  – Lisbon, Portugal

Again, the second most liveable city doesn’t correspond to the second best ROI. In the second position, with the best return on investment, we find Lisbon. 350,000€ is how much foreign buyers are investing on average in undeveloped areas and 500,000€ in upmarket places. According to a report from Caetano Real Estate, the city sees a lot of interest from South African, German, Chinese and French buyers.

  1. Livability – Munich, Germany

After Berlin, Munich is Germany’s most visited city. The annual Oktoberfest alone invites more than 7 million visitors per year. With a lot of choice for museums, having close proximity to the mountains and being a perfect spot for surfing, this might be the right city for you.

ROI – Plovdiv, Bulgaria

Plovdiv, the second largest city in Bulgaria, was just named the European Capital of Culture by the European Union. The city is seeing plenty of growth, as there have been a number of urban revitalization projects.

  1. Livability – Dusseldorf, Germany

Dusseldorf is not on the global tourist radar, but it has a lot to offer. It’s a wealthy, chic city with beautiful architecture. The city is also known for its pioneering influence on electronic/experimental music. In addition to this, Dusseldorf hosts an impressive amount of Japanese residents, making it Europe’s largest Japanese community with a weekly Japanese newspaper as well!

ROI – Feldkirch and Bludenz, Austria

Feldkirch and Bludenz, two alpine towns on the western half of Austria, saw a price increase by 25.4% and 22.1% in the past year. In comparison, in Vienna the prices increased only by 18%. The average sales prices in Feldkirch and Bludenz are around €350,000.

  1. Livability – Frankfurt, Germany

Even though Frankfurt was heavily bombed during the war, the old town has now been faithfully reconstructed offering a great atmosphere with pedestrianized streets, shops and bistros. It’s recommended to go for a walk along the river Main, and sunbathing on the beaches in the summertime.

ROI – Rotterdam, The Netherlands

Located just one hour from Amsterdam, Rotterdam is a great place for ROI. The prices of real-estate have increased by 17% and sold 11% faster compared to last year. Home prices in Rotterdam are on average around €271.000.

Conclusion? The most livable cities in Europe are not necessarily also the ones that you get the best return on investment. So if you’re planning to invest in a European city, always remember to do some research before and check if it is worth the investment. This blog post has been made entirely with data from external sources but if you wish to know more about this topic, we suggest you contact Jukka Viikkari, our expert in data, at jukka@skenariolabs.com.

References:

https://www.farandwide.com/s/europes-most-livable-cities-71985994306c4df6

https://www.forbes.com/sites/amydobson/2019/02/11/the-best-emerging-markets-in-europe-to-invest-in-before-brexit-makes-landfall/#1acbcc275582