November 24, 2012

HOW MUCH IS AN HOUR OF SUNSHINE WORTH?

To find out where homeowners get the most solar bang for their buck, real-estate consulting firm Knight Frank looked at 14 warm-weather vacation spots around the world. Using the average hours of sunlight per day and the average house price for a four-bedroom property in a prime real-estate location, Knight Frank arrived at the price for an hour of sunshine, averaged over a year. . . . Caribbean islands ranked high on the list, in part because there’s less land to develop, which drives property prices higher, says Paddy Dring, head of the international residential department for Knight Frank.

Well, few people vacation for gloom.