Cross-border property demand report, September 2026
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 ranking
All 62 destinations measured against at least 10 origin countries. Index 100 is the strongest market in this edition.
| # | Destination | Index | Band | Leading origin countries |
|---|---|---|---|---|
| 1 | tbilisi | 100 | Strongest | India, Israel, Ukraine, Saudi Arabia |
| 2 | madrid | 98 | Strongest | United Kingdom, Italy, United States, France |
| 2 | cape town | 98 | Strongest | United Kingdom, India, Germany, United States |
| 4 | dubai | 96 | Strongest | India, United Kingdom, Australia, Pakistan |
| 5 | panama city | 94 | Strongest | Colombia, Spain, Germany, United Kingdom |
| 6 | amsterdam | 93 | Strongest | Australia, Germany, Japan, United Kingdom |
| 7 | istanbul | 91 | Strongest | Saudi Arabia, United Kingdom, Azerbaijan, Germany |
| 7 | marbella | 91 | Strongest | United Kingdom, Ireland, Netherlands, Poland |
| 9 | athens | 90 | Strongest | United Kingdom, United States, Germany, France |
| 9 | miami | 90 | Strongest | Canada, United Kingdom, Brazil, France |
| 9 | berlin | 90 | Strongest | United States, Canada, Poland, Netherlands |
| 9 | marrakech | 90 | Strongest | United Kingdom, United States, Netherlands, Belgium |
| 13 | warsaw | 89 | Strongest | United Kingdom, United States, Ukraine, Germany |
| 14 | johannesburg | 88 | Strongest | United Kingdom, India, United States, United Arab Emirates |
| 14 | osaka | 88 | Strongest | Singapore, Australia, United States, United Kingdom |
| 16 | buenos aires | 87 | Strongest | United Kingdom, United States, France, Italy |
| 17 | belgrade | 86 | Strongest | Canada, Australia, United Kingdom, United States |
| 18 | bucharest | 85 | Strongest | United Kingdom, United States, Spain, France |
| 18 | ras al khaimah | 85 | Strongest | India, United Kingdom, United States, Germany |
| 18 | seychelles | 85 | Strongest | France, United Kingdom, Germany, Italy |
| 21 | tokyo | 84 | Strong | United States, Singapore, United Kingdom, Australia |
| 21 | porto | 84 | Strong | United Kingdom, United States, Canada, Turkey |
| 23 | lisbon | 83 | Strong | France, United States, Brazil, United Kingdom |
| 24 | barcelona | 82 | Strong | Italy, Germany, France, United States |
| 24 | abu dhabi | 82 | Strong | United Kingdom, India, United States, France |
| 26 | durban | 81 | Strong | Australia, United Kingdom, United States, Germany |
| 26 | lahore | 81 | Strong | United Arab Emirates, United Kingdom, United States, Canada |
| 26 | london | 81 | Strong | United States, Hong Kong, India, Singapore |
| 29 | paris | 80 | Strong | Italy, Germany, United States, United Kingdom |
| 30 | new york | 76 | Strong | Germany, France, United Kingdom, India |
| 31 | mumbai | 75 | Strong | United Arab Emirates, United States, United Kingdom, Singapore |
| 32 | limassol | 74 | Strong | United States, Poland, United Kingdom, Greece |
| 33 | noida | 73 | Strong | United Arab Emirates, United States, Canada, Singapore |
| 33 | chennai | 73 | Strong | Singapore, United Arab Emirates, Australia, United States |
| 35 | gurgaon | 72 | Strong | United Arab Emirates, United States, United Kingdom, Singapore |
| 35 | greater noida | 72 | Strong | United Arab Emirates, United States, United Kingdom, Saudi Arabia |
| 37 | bengaluru | 71 | Strong | United Kingdom, Singapore, United States, United Arab Emirates |
| 38 | muscat | 70 | Strong | Germany, India, Saudi Arabia, Lebanon |
| 39 | ahmedabad | 67 | Strong | Canada, Australia, United Kingdom, United States |
| 40 | doha | 66 | Strong | United Kingdom, Saudi Arabia, United States, France |
| 40 | pune | 66 | Strong | Germany, Singapore, Australia, Saudi Arabia |
| 42 | sharjah | 63 | Moderate | Pakistan, India, United Kingdom, Saudi Arabia |
| 43 | maldives | 62 | Moderate | India, United States, United Kingdom, Italy |
| 44 | kuala lumpur | 61 | Moderate | Japan, United States, South Korea, Germany |
| 45 | minsk | 60 | Moderate | Turkey, Poland, United Arab Emirates, Germany |
| 45 | melbourne | 60 | Moderate | Singapore, United Kingdom, Japan, China |
| 45 | hyderabad | 60 | Moderate | United States, United Arab Emirates, United Kingdom, Singapore |
| 48 | ho chi minh city | 59 | Moderate | Australia, Japan, France, United Kingdom |
| 48 | singapore | 59 | Moderate | China, South Korea, Canada, United States |
| 50 | nairobi | 57 | Moderate | United Kingdom, United States, Canada, Germany |
| 51 | riyadh | 55 | Moderate | Bahrain, Kuwait, Oman, United States |
| 52 | manila | 54 | Moderate | United States, Australia, Singapore, United Kingdom |
| 53 | brisbane | 52 | Moderate | United Kingdom, New Zealand, India, Hong Kong |
| 53 | perth | 52 | Moderate | United Kingdom, India, Singapore, Indonesia |
| 55 | phuket | 50 | Moderate | United States, Australia, France, Singapore |
| 56 | adelaide | 49 | Moderate | United Kingdom, Hong Kong, Singapore, Indonesia |
| 57 | sydney | 47 | Moderate | United Kingdom, China, Hong Kong, Taiwan |
| 57 | bangkok | 47 | Moderate | Japan, South Korea, United States, Australia |
| 59 | jeddah | 46 | Moderate | Kuwait, Indonesia, India, Turkey |
| 60 | grozny | 39 | Early | United Arab Emirates, Kazakhstan, Saudi Arabia, Azerbaijan |
| 61 | bali | 38 | Early | Singapore, United States, United Kingdom, Japan |
| 62 | dammam | 28 | Early | Oman, 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
- 1. dubai index 100
- 2. johannesburg index 100
- 3. ras al khaimah index 100
- 4. cape town index 99
- 5. tbilisi index 89
- 6. abu dhabi index 81
Where buyers from United Arab Emirates are looking
- 1. johannesburg index 100
- 2. tbilisi index 96
- 3. cape town index 94
- 4. berlin index 90
- 5. lahore index 85
- 6. marrakech index 85
Where buyers from United Kingdom are looking
- 1. bucharest index 100
- 2. buenos aires index 100
- 3. johannesburg index 100
- 4. marbella index 100
- 5. miami index 100
- 6. porto index 100
Where buyers from United States are looking
- 1. london index 100
- 2. tokyo index 100
- 3. buenos aires index 97
- 4. madrid index 97
- 5. tbilisi index 89
- 6. berlin index 88
Where buyers from Saudi Arabia are looking
- 1. istanbul index 100
- 2. tbilisi index 99
- 3. dubai index 94
- 4. lahore index 75
- 5. mumbai index 74
- 6. greater noida index 73
Where buyers from Pakistan are looking
- 1. dubai index 100
- 2. sharjah index 92
- 3. abu dhabi index 75
- 4. ras al khaimah index 72
- 5. lisbon index 68
- 6. muscat index 67
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 platformMethod, 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
- It is not a price forecast. Strong interest does not mean prices will rise.
- It is not a transaction count. People look far more often than they buy.
- It is not a recommendation to buy anywhere. We sell nothing and earn no commission.
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?
Where are Indian buyers looking to buy property abroad?
What does the demand index actually measure?
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.