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Cross-border property demand report, September 2026

Data report · Updated monthly · Free to cite

Where in the world are people looking to buy property, and which countries are those buyers coming from? This is our own measurement, published free, covering 62 destinations. We update it every month.

The short answer. In this edition tbilisi leads, followed by madrid and cape town. Buyers from India show their strongest relative interest in dubai, johannesburg, ras al khaimah. The index is rebased so the strongest destination scores 100, and it measures interest in buying, not completed transactions and not price growth.

The ranking

All 62 destinations measured against at least 10 origin countries. Index 100 is the strongest market in this edition.

#DestinationIndexBandLeading origin countries
1tbilisi100StrongestIndia, Israel, Ukraine, Saudi Arabia
2madrid98StrongestUnited Kingdom, Italy, United States, France
2cape town98StrongestUnited Kingdom, India, Germany, United States
4dubai96StrongestIndia, United Kingdom, Australia, Pakistan
5panama city94StrongestColombia, Spain, Germany, United Kingdom
6amsterdam93StrongestAustralia, Germany, Japan, United Kingdom
7istanbul91StrongestSaudi Arabia, United Kingdom, Azerbaijan, Germany
7marbella91StrongestUnited Kingdom, Ireland, Netherlands, Poland
9athens90StrongestUnited Kingdom, United States, Germany, France
9miami90StrongestCanada, United Kingdom, Brazil, France
9berlin90StrongestUnited States, Canada, Poland, Netherlands
9marrakech90StrongestUnited Kingdom, United States, Netherlands, Belgium
13warsaw89StrongestUnited Kingdom, United States, Ukraine, Germany
14johannesburg88StrongestUnited Kingdom, India, United States, United Arab Emirates
14osaka88StrongestSingapore, Australia, United States, United Kingdom
16buenos aires87StrongestUnited Kingdom, United States, France, Italy
17belgrade86StrongestCanada, Australia, United Kingdom, United States
18bucharest85StrongestUnited Kingdom, United States, Spain, France
18ras al khaimah85StrongestIndia, United Kingdom, United States, Germany
18seychelles85StrongestFrance, United Kingdom, Germany, Italy
21tokyo84StrongUnited States, Singapore, United Kingdom, Australia
21porto84StrongUnited Kingdom, United States, Canada, Turkey
23lisbon83StrongFrance, United States, Brazil, United Kingdom
24barcelona82StrongItaly, Germany, France, United States
24abu dhabi82StrongUnited Kingdom, India, United States, France
26durban81StrongAustralia, United Kingdom, United States, Germany
26lahore81StrongUnited Arab Emirates, United Kingdom, United States, Canada
26london81StrongUnited States, Hong Kong, India, Singapore
29paris80StrongItaly, Germany, United States, United Kingdom
30new york76StrongGermany, France, United Kingdom, India
31mumbai75StrongUnited Arab Emirates, United States, United Kingdom, Singapore
32limassol74StrongUnited States, Poland, United Kingdom, Greece
33noida73StrongUnited Arab Emirates, United States, Canada, Singapore
33chennai73StrongSingapore, United Arab Emirates, Australia, United States
35gurgaon72StrongUnited Arab Emirates, United States, United Kingdom, Singapore
35greater noida72StrongUnited Arab Emirates, United States, United Kingdom, Saudi Arabia
37bengaluru71StrongUnited Kingdom, Singapore, United States, United Arab Emirates
38muscat70StrongGermany, India, Saudi Arabia, Lebanon
39ahmedabad67StrongCanada, Australia, United Kingdom, United States
40doha66StrongUnited Kingdom, Saudi Arabia, United States, France
40pune66StrongGermany, Singapore, Australia, Saudi Arabia
42sharjah63ModeratePakistan, India, United Kingdom, Saudi Arabia
43maldives62ModerateIndia, United States, United Kingdom, Italy
44kuala lumpur61ModerateJapan, United States, South Korea, Germany
45minsk60ModerateTurkey, Poland, United Arab Emirates, Germany
45melbourne60ModerateSingapore, United Kingdom, Japan, China
45hyderabad60ModerateUnited States, United Arab Emirates, United Kingdom, Singapore
48ho chi minh city59ModerateAustralia, Japan, France, United Kingdom
48singapore59ModerateChina, South Korea, Canada, United States
50nairobi57ModerateUnited Kingdom, United States, Canada, Germany
51riyadh55ModerateBahrain, Kuwait, Oman, United States
52manila54ModerateUnited States, Australia, Singapore, United Kingdom
53brisbane52ModerateUnited Kingdom, New Zealand, India, Hong Kong
53perth52ModerateUnited Kingdom, India, Singapore, Indonesia
55phuket50ModerateUnited States, Australia, France, Singapore
56adelaide49ModerateUnited Kingdom, Hong Kong, Singapore, Indonesia
57sydney47ModerateUnited Kingdom, China, Hong Kong, Taiwan
57bangkok47ModerateJapan, South Korea, United States, Australia
59jeddah46ModerateKuwait, Indonesia, India, Turkey
60grozny39EarlyUnited Arab Emirates, Kazakhstan, Saudi Arabia, Azerbaijan
61bali38EarlySingapore, United States, United Kingdom, Japan
62dammam28EarlyOman, Kuwait, Bahrain, Pakistan

Markets restricted to foreign buyers

These markets are measured like every other, but their foreign-purchase lane is closed or heavily restricted by law. Ranking them against open markets on cross-border demand would be misleading, so they are reported here with the constraint that actually governs them, and with their domestic demand, which is the market a developer can sell into today.

Toronto

Domestic demand (Canada): 12 — this is the addressable market today.

  • Foreign buyers cannot purchase residential property until 1 Jan 2027 (until 2027-01-01)
    Canada's Prohibition on the Purchase of Residential Property by Non-Canadians Act bars non-citizens and non-permanent-residents from buying residential property in a metropolitan area. Narrow exemptions exist for work-permit holders, some students and refugees.
    Target Canadian residents now. Build the overseas pipeline for a 2027 opening rather than selling to foreign buyers today.
  • Foreign buyers pay a combined 35% speculation tax — and this outlasts the ban
    Ontario Non-Resident Speculation Tax 25% plus Toronto's Municipal NRST 10% (effective 1 Jan 2025), on top of provincial and municipal land transfer tax.
    Even after the 2027 opening this is not a Dubai-style foreign-buyer market. Read Toronto as domestic-led with a heavily penalised foreign lane.
  • Canada publishes no buyer-nationality breakdown
    Statistics Canada's CHSP reports non-resident ownership RATES only (Toronto CMA 3.4% of properties, 7.6% of condominiums) and Ontario's NRST receipts are not published by buyer country.
    Origin rankings for this market are modelled, not measured. Treat them as directional and lead with the domestic picture.
  • Nationality-level access rules are not yet measured for this market
    Our legal-access term currently applies the same value to every foreign nationality here, so it is a market-wide setting rather than a per-nationality rule. Any foreign-ownership differences between nationalities in this market are therefore NOT reflected in the ranking.
    Confirm the buyer's own nationality can hold this property type before committing spend. Treat the ranking as demand evidence, not as legal clearance.

Where buyers from each country are looking

The same measurement read the other way round: pick an origin country and see which destinations its buyers are most drawn to.

Where buyers from India are looking

Where buyers from United Arab Emirates are looking

Where buyers from United Kingdom are looking

Where buyers from United States are looking

Where buyers from Saudi Arabia are looking

Where buyers from Pakistan are looking

Want the deeper version?

This free report is country level and directional. The live platform behind it goes considerably further, market by market and buyer nationality by buyer nationality.

See the live demand platform

Method, in plain language

We measure how strongly people in one country are looking at buying property in another, using aggregated public interest signals, and we combine those into a single country-level score per corridor. The scores are then rebased so the strongest destination in the edition reads 100, which is what makes markets comparable at a glance.

Two deliberate limits. Demand is reported at country level on the buyer side: we name the countries buyers are searching from, not the cities within them (destinations themselves are named as the city or market being bought into). And it is directional: it shows relative standing and movement, not an absolute volume and not a forecast.

Coverage is honest rather than flattering. A destination only appears if it was measured against at least 10 origin countries, because ranking a market measured against a handful of countries beside one measured against dozens would be a false comparison. No destination was excluded from this edition: every market measured met the coverage floor.

Measurement period ending 2026-09-29. Figures move between editions, which is the point of publishing it monthly.

What this is not

Free to cite. Journalists, researchers and writers are welcome to use these figures with attribution. Cite as: DollarBanao Cross-Border Property Demand Report, September 2026. https://dollarbanao.com/property-demand-report.html

A machine-readable version of this edition is published at demand-report.json.

Frequently asked questions

Which property market is the most in-demand to buy in right now?
In this edition Tbilisi leads the index, followed by Madrid and Cape Town. These are city-level property markets, not countries. The index is rebased so the strongest market scores 100, and it measures relative interest in buying, not transactions completed and not price growth.
Where are Indian buyers looking to buy property abroad?
Across the destinations covered in this edition, buyers from India show the strongest relative interest in dubai, johannesburg, ras al khaimah. This reflects measured interest in buying, not confirmed purchases.
What does the demand index actually measure?
It is a directional, country-level measure of how strongly buyers in one country are looking at buying property in another, built from measured public interest signals and rebased so the strongest destination scores 100. It is not a price forecast, not a transaction count, and not a recommendation to buy anywhere.

Educational and informational only, not financial advice and not a recommendation to buy property in any market. Figures are a directional measure of interest, not a forecast of prices or returns, and they change between editions. Property investment carries risk including the loss of capital. Consider speaking with a licensed advisor about your own circumstances.