The Bryanston, Hyde Park

In the case of Hyde Park, Rupert des Forges, Knight Frank’s Head of prime central London notes that “some of the price points that park-facing properties command, compared to those further away or street facing, can be around double.”

In New York, residences adjacent to Central Park can achieve average premiums of 29% over residences farther from the park. However, New York is a market unlike any other. Some of the tallest residential buildings have homes with unobstructed park views, but do not sit on the park’s edge. The data shows that in Manhattan prices can be, on average, 63% higher for residences with unobstructed views of Central Park compared to those without said views. Andrew Wachtfogel, Executive Vice President and Head of Research at Douglas Elliman, notes that “the views in premium park-view new construction high rises encompass the entirety of Central Park, plus much of the famous skyline, something not available in the rest of the city.”

If you’re not perched along Sydney Harbour, being adjacent to one of Sydney’s parks is next best thing when it comes to apartment living in the city. Buying an apartment park-side attracts an average uplift of 21% compared to buying in a project situated a few streets back. Michelle Ciesielski, Head of Residential Research at Knight Frank Australia, notes that “Sydney, famed for its lifestyle, enjoys three major parks in the city, with the heritage-listed Royal Botanic Gardens and Hyde Park, with Barangaroo Reserve being our newest urban park, at the foot of the Sydney Harbour Bridge.”