Where is the cheapest place in the world to buy a watch

     Where is the cheapest place to buy a watch? This is the question most frequently asked by watch enthusiasts. Everyone wants a good watch, but how can you acquire your desired timepiece at the lowest price? Below, Watch House has compiled the cheapest places in the world to buy watches, so take a look!

Germany, Nordic countries

     Advantages: Not heavily touristed countries, so shops offer discounts, high tax refund rates, and a declining euro exchange rate

     Disadvantages: High travel costs

     Exchange rate: Approximately 1 euros to 6.7 renminbi.

     Tax refunds: Germany around 12%, Denmark and Norway around 19%. Sweden has the highest tax refund rate at 17.5%

France, Italy, Spain

     Advantages: Declining euro exchange rate

    Disadvantages: high volume of tourists and buyers leads to fewer discounts in stores, with unified pricing across European boutiques

     Exchange rate: Approximately 1 euros to 6.7 renminbi.

    Tax refund: around 10%-12%

Hong Kong

    Advantages: favourable exchange rate equivalent to a 8 percent discount on the mainland, convenient location for travel and servicing, numerous dealers with a wide selection of models, and corresponding discounts available

    Disadvantages: many dealers with considerable price inflation, requiring comparison across multiple stores

    Exchange rate: approximately 1 Hong Kong Dollars to 0.8 Renminbi

    Tax refund: none

Swiss

    Advantages: wide variety of models and brands

    Disadvantages: low tax refund, minimal discounts, rising Swiss Franc exchange rate

    Exchange rate: approximately 1 Swiss Francs to 6.3 Renminbi

    Tax refund: around 8%

Japan

    Advantages: favourable recent exchange rate

    Disadvantages: unified pricing with few discounts

    Exchange rate: approximately 1 Renminbi to 20 Japanese Yen

    Tax refund: around 5%

Singapore

    Advantages: wide variety of models and brands

    Disadvantages: prices are not particularly low

    Exchange rate: approximately 1 Singapore Dollars to 4.5 Renminbi

    Tax refund: around 7%