What are the most desirable cities for homebuyers in 2024?

In a rapidly changing global landscape, the desire to own a home remains a steadfast goal for many individuals. Especially in 2024, a year where the quest for the perfect property is more pronounced than ever. Deluxe Holiday Homes, a Dubai-based agency specializing in luxury rentals, has recently released a report shedding light on the top cities where people are fervently searching to buy homes this year. The report, compiled by experts at Deluxe Holiday Homes, analyzed Google Keyword Planner and Numbeo data to unveil insights into the preferences and inclinations of prospective homebuyers. Through rigorous analysis of search volumes and key metrics such as average price per square meter, quality of life, and living costs, the study offers valuable insights into the evolving global real estate landscape. Topping the charts as the most sought-after city for homebuyers is London, with an impressive 1.7 million monthly searches. The allure of this iconic metropolis lies in its unparalleled quality of life, coupled with a cost of living estimated at $1.3K per month. Despite commanding a high price of nearly $9.7K per square meter, London's cosmopolitan charm continues to captivate prospective homeowners.

Following closely in second place is New York, with 932K monthly searches. Renowned for its dynamic lifestyle and cultural richness, New York attracts with a high quality of life index. Surprisingly, despite its reputation for exorbitant living costs, the average price per square meter in New York remains relatively affordable compared to other mega-cities, further solidifying its appeal among home seekers. Emerging as a formidable contender in the global real estate arena, Dubai secures the third position with 717K monthly searches. Boasting affordable housing prices at $428 per square meter. In fourth place, Edinburgh boasts 457K monthly searches, with a combination of high quality of life and reasonable living costs, although property prices are generally higher. In fifth place is Sydney, with 313K monthly searches, attracting buyers with a high quality of life index and relatively affordable housing prices, and in the sixth position is the cosmopolitan hub of Singapore, with 291K monthly searches with its average property price of $551 per square meter, coupled with a high quality of life.

Dublin secures the seventh position with 156K monthly searches, despite relatively higher property prices, while Amsterdam clinches the eighth position with 110K monthly searches, although here too the average property price appears higher. In ninth place is Barcelona, with 99K monthly searches and the lowest cost of living on the list, while completing the top ten is San Francisco, with 87K monthly searches. Renowned for its breathtaking vistas and innovation-driven lifestyle, San Francisco captivates global homebuyers with reasonable average property prices and a high quality of life index.