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Hollywood Sign is the most expensive landmark to live near

Written by on February 5, 2019

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Hollywood Sign is the most expensive landmark to live near

The iconic Hollywood Sign is the most expensive landmark to live near, research reveals.

It costs an average £1.2 million ($1.5 million) – or 1,057 per cent – more to live within a mile of the sign than it does elsewhere in Los Angeles, figures assessing the inflationary effect of the 20 most-visited global landmarks reveal.

The second most inflationary landmark is the Burj Khalifa. Proximity to this Dubai icon adds an average 687 per cent to property prices or £843,966.

The Emirati skyscraper is closely followed by the Washington Monument, DC.

Properties close to the attraction cost about 678 per cent or £1.8 million ($2.3 million) more than properties of equivalent size elsewhere in the US capital.

Properties within reach of the Sydney Opera House command 459 per cent – or £2.2 million (AUS$4 million) – more than properties elsewhere in the city while The Eiffel Tower hikes up property prices within its Parisian neighbourhood by 334 per cent, or £1.9 million (2.1 million euros).

At the other end of the spectrum, it’s a thumbs down at the Colosseum.

The ancient Roman amphitheatre is the only landmark with a deflationary effect – properties within a mile of the icon are more affordable than they are elsewhere in the Italian capital by a marginal 0.1 per cent.

Proximity to the CN Tower in Toronto, Canada, and Prague Castle in the Czech Republic inflated property prices by a meagre 11 and 12 per cent, respectively.

Big Ben in London, it’s revealed, pushes prices of surrounding properties up 151 per cent.


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