Top 10 property hotspots generating growth in the private aviation sector

The private jet booking service has produced figures making a direct link between growth in the private aviation sector and flights by investors and property owners to popular real estate locations in Europe.
 
Adam Twidell, CEO of PrivateFly comments as follows: “Private aviation growth is increasingly fuelled by the real estate industry. The number of trips to key European property destinations on private jets has soared over the past year, an indication of the relative perceived safe haven of investing in bricks and mortar in the uncertain climate of the Eurozone.
 
“Our analysis takes Europe’s ten property hotspots for 2013, recently identified by PwC and Urban Land Institute, and compares them to growth destinations in private jet traffic*. The link is clear: All ten hotspots ranked in the top 1.5 per cent of Europe’s 3,000 busiest private jet airports in 2012. The ten hotspots are as follows:
 
1. PARIS
Why it’s a property hotspot: Global political and business hub; international tourism appeal as a retail centre
Airport: Paris Le Bourget, Europe’s busiest private jet airport, dedicated to private aviation
Private aviation flights in 2012: 48,600
Position: 1st out of 3,000 European airports
Average return flight cost from London: £4,000 on a Citation Mustang
 
2. LONDON
Why it’s a property hotspot: London is seen as ultimate safe haven for international property investors
Airport: London Luton is open 24hrs, and the capital’s most popular for private jets
Private aviation flights in 2012: 24,524
Position: 4th busiest out of 3,000 European airports
Average return flight cost from Moscow: £26,000 on a Hawker 800
 
3. ZURICH
Why it’s a property hotspot: Swiss franc widely perceived as a safe currency; business and retail appeal
Airport: Zurich
Private aviation flights in 2012: 22,070
Position: 5th busiest out of 3,000 European airports
Average return flight cost from London: £6,000 on a Citation Mustang
 
4. MOSCOW
Why it’s a property hotspot: Continued economic growth; hotspot for commercial real estate investors; demand for residential property in Moscow; billionaire capital of the world
Airport: Vnukovo is favoured for its dedicated private aviation efficiency, speed and exclusivity
Private aviation flights in 2012: 21,928
Position: 6th busiest out of 3,000 European airports
Average return flight cost from London: £26,000 on a Hawker 800
 
5. MUNICH
Why it’s a property hotspot: An expanding biotech industry; constrained property supply; combined with rapidly increasing tourism
Airport: Munich
Private aviation flights in 2012: 13,820
Position: 11th busiest out of 3,000 European airports
Average return flight cost from London: £6,000 on a Citation Mustang
 
6. BERLIN
Why it’s a property hotspot: Low to moderate transaction costs; Europe’s ‘Silicon Allee’ with 15,000+ tech companies; key cultural centre
Airport: Berlin Schonefeld
Private aviation flights in 2012: 8,928
Position: 17th busiest out of 3,000 European airports
Average return flight cost from London: £6,000 on a Citation Mustang
 
7. ISTANBUL
Why it’s a property hotspot: Future investment; economic growth; young demographic; eased restrictions on foreign ownership
Airport: Istanbul Ataturk airport
Private aviation flights in 2012: 8,870
Position: 18th busiest out of 3,000 European airports
Average return flight cost from London: £21,000 on a Citation XL
 
8. HAMBURG
Why it’s a property hotspot: Germany’s 2nd largest city: considered a safe haven; global and domestic occupiers; office yields at lowest since 2002
Airport: Hamburg
Private aviation flights in 2012: 8,020
Position: 25th busiest out of 3,000 European airports
Average return flight cost from London: £5,000 on a Citation Mustang
 
9. WARSAW
Why it’s a property hotspot: Strong, post-transition economy; economic growth
Airport: Warsaw Chopin
Private aviation flights in 2012: 6,758
Position: 36th busiest out of 3,000 European airports
Average return flight cost from London: £11,500 on a Citation CJ2
 
10. STOCKHOLM
Why it’s a property hotspot: Population growth and migrant appeal; popular base for global brand headquarters; lack of restriction on foreign ownership
Airport: Stockholm Bromma
Private aviation flights in 2012: 6,220
Position: 44th busiest out of 3,000 European airports
Average return flight cost from London: £11,500 on a Citation CJ2
 
Twidell continued: “A significant and growing number of our clients have a link to the property industry, whether as a private investor; commercial real estate; or a second-home owner regularly travelling to their property. They choose private aviation because it offers the ability to get there more quickly, more directly and on a flexible schedule.
 
“This allows property investors to visit several sites across Europe and return the same day. And for second-home owners, there is great appeal in being able to travel more flexibly as a family group and directly year-round, rather than being at the mercy of seasonal airline schedules”.
 
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