From Paris’ Champs- Élysées to London’s Oxford Street, there are many iconic shopping destinations around the world. But where is the cheapest place to purchase designer fashion?
To inspire your post-covid holiday destination, research from money.co.uk has analysed the price of luxury fashion accessories around the world, to reveal the cheapest (and most expensive) countries to buy the most iconic designs, from Chanel’s legendary 2.55 to the Cartier Love Bracelet.
The cheapest and most expensive locations to buy designer fashion
Louis Vuitton Speedy 25 bag Cheapest place to buy: Denmark – 6,600 DKK (£765) Priciest place to buy: New Zealand – NZ$1,940 (£999)
Fendi White Canvas Baguette bag Cheapest place to buy: Eurozone – €2,200 (£1,895) Priciest place to buy: China – CN¥22000 (£2,421)
Prada Galleria Saffiano leather bag Cheapest place to buy: Russia – ₽200,000 (£1,876) Priciest place to buy: South Korea – ₩3,510,000 (£2,255)
Yves Saint Laurent Sac De Jour – small in smooth leather Cheapest place to buy: Eurozone – €2,390 (£2,059) Priciest place to buy: South Korea – ₩4,250,000 (£2,730)
Louboutins New Very Prive Cheapest place to buy: Eurozone – €675 (£582) Priciest place to buy: Japan – JP¥116,600 (£772)
Cartier Love Bracelet – 18k Yellow Gold Cheapest place to buy: USA – $6,550 (£4,693) Priciest place to buy: Norway – NOK72,500 (£6,261)
Panerai Submersible Goldtech™ – 42mm Cheapest place to buy: USA – $26,500 (£18,986) Priciest place to buy: UK – £23,800
The USA is one of the cheapest countries to purchase designer fashion, with four of the luxury items on the list, including the Chanel 2.55 and Cartier Love Bracelet, costing the least in the USA. In fact, you can save up to £4,813 by shopping in the USA compared to abroad.
Europe is one of the cheapest continents to shop in, with 5 out of the 12 cheapest countries located in Europe. You can save up to £700 by travelling to Europe for your luxury shopping trip for items including the Fendi Canvas Baguette bag and Louboutins New Very Prive.
East Asian countries are among some of the most expensive countries to buy designer accessories, with 9 out of the 12 most expensive places to purchase luxury fashion located in East Asia. There are a range of factors that may contribute to this, including tariffs in place on luxury foreign goods in China, exchange rates meaning the Yuan outperforms other major currencies and higher demand for designer goods in China and South East Asia.