Property investors looking for a good return on their money would probably think of some global capital cities as the best places to look – but they would be wrong.
Only two of the top 10 cities are in Europe and none are in the hothouse property markets of Asia.
Chisinau, Moldova, tops the table of 84 cities with a buy to let yield of 10% in the latest Global Property Guide to country investment ratings.
Kingston, Jamaica, rates second with a 9.75% return and Cairo, Egypt, is third with 9.4%.
Top 10 property hot spots
The full top 10 is:
- Chisinau, Moldova (10.00%)
- Kingston, Jamaica (9.75%)
- Cairo, Egypt (9.40%)
- Kiev, Ukraine ( 9.09%)
- Panama City, Panama (8.99%)
- Dar es Salaam, Tanzania (8.57%)
- Amman, Jordan (8.53% )
- San Salvador, El Salvador (8.49%)
- San Jose, Costa Rica (8.38%)
- Bahamas (8.16%)
At the other end of the table are some of the priciest and most prestigious cities to live. Taipei, Taiwan has a meagre yield of just 1.57% in 84th place, with the millionaire playgrounds of Monaco (1.9%) and Andorra (2.04%) taking the other bottom spots:
- Hong Kong (3.00%)
- Athens, Greece (2.87%)
- Tortola, British Virgin Islands (2.85%)
- Shanghai, China (2.66%)
- Singapore (2.41%)
- Mumbai, India (2.39%)
- London, United Kingdom (2.09%)
- Andorra (2.04%)
- Monaco (1.90%)
- Taipei, Taiwan (1.57%)
All the property yields are based on the price and rent of a 120 square metre apartment.
Expensive homes have worst yields
If anything, the figures go with the rule of thumb for yields, which is the more expensive the property, the less the yield.
That is why some of the most expensive property markets are lower down the table.
The full list is:
| Country/City | Gross Rental Yield (% per annum) |
|---|---|
| Moldova, Chisinau | 10.00% |
| Jamaica, Kingston | 9.75% |
| Egypt, Cairo | 9.40% |
| Ukraine, Kiev | 9.09% |
| Panama, Panama City | 8.99% |
| Tanzania, Dar es Salaam | 8.57% |
| Jordan, Amman | 8.53% |
| El Salvador, San Salvador | 8.49% |
| Costa Rica, San Jose | 8.38% |
| Bahamas | 8.16% |
| Ecuador, Quito | 8.04% |
| Mexico, Mexico City | 7.76% |
| Montenegro, Coastal Areas | 7.53% |
| Philippines, Metro Manila | 7.53% |
| Puerto Rico, San Juan | 7.40% |
| Uruguay, Montevideo | 7.34% |
| Aruba, Bakval and Malmok et al | 7.32% |
| Argentina, Buenos Aires | 7.30% |
| Cayman Is., Grand Cayman | 7.25% |
| Kenya, Nairobi | 7.18% |
| Nicaragua, Managua | 7.13% |
| Indonesia, Jakarta | 7.05% |
| Trinidad | 6.88% |
| Peru, Lima | 6.54% |
| Colombia, Bogota | 6.51% |
| Thailand, Bangkok | 6.29% |
| Chile, Santiago | 6.23% |
| Romania, Bucharest | 6.09% |
| Morocco, Marrakesh | 6.04% |
| Macedonia. Skopje | 5.95% |
| Hungary, Budapest | 5.83% |
| UAE, Dubai | 5.82% |
| Croatia, Zagreb | 5.75% |
| Netherlands, Amsterdam | 5.68% |
| Lithuania, Vilnius | 5.66% |
| Japan, Tokyo | 5.53% |
| Poland, Warsaw | 5.51% |
| South Africa, Cape Town | 5.45% |
| New Zealand, Auckland | 5.44% |
| Latvia, Riga | 5.41% |
| Cambodia, Phnom Phen | 5.33% |
| Denmark, Copenhagen | 5.18% |
| Martinique, Fort-de-France | 5.12% |
| Turkey, Istanbul | 5.05% |
| Estonia, Tallinn | 4.96% |
| Slovenia, Ljubljana | 4.95% |
| Guadeloupe, Grande-Terre | 4.94% |
| Slovakia, Bratislava | 4.94% |
| St. Kitts | 4.90% |
| Bermuda | 4.76% |
| Brazil, Sao Paolo | 4.71% |
| Bulgaria, Sophia | 4.66% |
| Malaysia, Kuala Lumpur | 4.57% |
| Australia, Sydney | 4.55% |
| Lebanon, Beirut | 4.51% |
| Serbia | 4.44% |
| Germany, Berlin | 4.42% |
| Belgium, Brussels | 4.36% |
| Portugal, Lisbon | 4.36% |
| USA, New York | 4.29% |
| Spain, Madrid | 3.92% |
| Cyprus, Limassol | 3.88% |
| Luxembourg | 3.85% |
| Italy, Rome | 3.84% |
| Russia, Moscow | 3.80% |
| Canada, Toronto | 3.68% |
| France, Paris | 3.63% |
| Finland, Helsinki | 3.62% |
| St Lucia | 3.57% |
| Austria, Vienna | 3.54% |
| Israel, Tel Aviv | 3.45% |
| Czech Republic, Prague | 3.38% |
| Malta, Valleta | 3.23% |
| Switzerland, Geneva | 3.10% |
| Hong Kong, Hong Kong Island | 3.00% |
| Greece, Athens | 2.87% |
| BVI, Tortola | 2.85% |
| China, Shanghai | 2.66% |
| Singapore | 2.41% |
| India, Mumbai | 2.39% |
| UK, London | 2.09% |
| Andorra | 2.04% |
| Monaco | 1.90% |
| Taiwan, Taipei | 1.57% |
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