Global Housing Trends: Smallest Apartments in the World
Indians can purchase property in 5 overseas locations, but be prepared for tiny apartments
Real EstateApartmentsMumbaiHong KongJapanAnarock ResearchReal Estate MumbaiAug 14, 2024
In contrast, the average size of homes in Delhi-NCR stood at 2,450 sq ft in H1 2024, up 30% from 1,890 sq ft in 2023. The National Capital Region saw a dramatic surge of 96% over 5 years, led by an increase in supply of luxury apartments.
Hyderabad is the only major city where apartment sizes decreased between 2023 to H1 2024 to 2,010 sq ft. Average flat sizes in Chennai and Bengaluru were at 1,450 sq ft and 1,630 sq ft respectively in H1 2024.
But these sizes are massive compared to apartments in Tokyo, Japan's capital, which has long been known for tiny apartments. Flats as small as 95 sq ft are not uncommon in Tokyo, where realty developers build small apartments to accommodate the growing population.
In Hong Kong, the average size of an apartment for a family of three is approximately 484 sq ft, while for a single person, it's roughly around 150 sq ft. This is due to the scarce supply of land and high housing demand in Hong Kong.
Indians looking to purchase property overseas can consider these 5 locations, but be prepared for smaller apartments.
Anarock Research is a leading real estate research firm that provides insights into the Indian and global real estate markets.Anarock is a leading real estate services company that offers research, consulting, and investment services to clients worldwide.
Frequently Asked Questions
What is the average size of apartments in Mumbai?
825 sq ft in H1 2024, a 5% increase from 2019 and a 4% growth in the last six months across the Mumbai Metropolitan Region.
Which city has the largest apartments in India?
Delhi-NCR, with an average size of 2,450 sq ft in H1 2024.
What is the smallest apartment size in Tokyo, Japan?
95 sq ft.
Why are apartments small in Hong Kong?
Due to the scarce supply of land and high housing demand.
Can Indians purchase property overseas?
Yes, Indians can purchase property in 5 overseas locations, including Hong Kong and Japan.
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