November 16, 2017
20 World’s Most Expensive Cities to Buy a Property

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20 World’s Most Expensive Cities to Buy a Property – Are you wondering where you should invest some money in buying a luxurious property? So you should take a look at the list below!

Therefore, The Most Expensive Homes highlights today the most high-priced cities in case you’re thinking about to make a huge investment and buy a property in one of those towns. The following list figures the most expensive real estate markets according to Global Property Guide, based on the average for a 120 square meter apartment in a prime inner city area.


READ ALSO: 10 MOST LUXURY REAL ESTATE FOR SALE IN THE UNITED STATES


1. Monaco, Monaco: £33,602 per sqm

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Monaco officially the Principality of Monaco is a sovereign city-state, country, and microstate located on the French Riviera in Western Europe.

2. London, UK: £12,947 per sqm

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Standing on the River Thames in the south-east of the island of Great Britain, London has been a major settlement for two millennia.

3. Hong Kong, Hong Kong: £12,201 per sqm

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Officially the Hong Kong Special Administrative Region of the People’s Republic of China, it is an autonomous territory on the eastern side of the Pearl River estuary in East Asia, south of the mainland Chinese province of Guangdong, and east of the former Portuguese colony and fellow special administrative region of Macao.

4. Paris, France: £11,410 per sqm

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Paris is especially known for its museums and architectural landmarks: the Louvre was the most visited art museum in the world in 2016, with 7.4 million visitors.

5. Singapore, Singapore: £10,565 per sqm

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Singapore is a global commerce, finance, and transport hub. Its standings include the most “technology-ready” nation (WEF), top International-meetings city (UIA), a city with “best investment potential” (BERI), second-most competitive country, third-largest foreign exchange market, third-largest financial center, third-largest oil refining and trading center and the second-busiest container port.

6. Moscow, Russia: £8,787 per sqm

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According to Forbes 2013, Moscow has been ranked as the ninth most expensive city in the world by Mercer and has one of the world’s largest urban economies, being ranked as an alpha global city according to the Globalization and World Cities Research Network, and is also one of the fastest growing tourist destinations in the world according to the MasterCard Global Destination Cities Index.

7. Tokyo, Japan: £8,752 per sqm

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Tokyo was ranked first in the Global Economic Power Index and fourth in the Global Cities Index. The city is considered an alpha+ world city – as listed by the GaWC’s 2008 inventory – and in 2014, Tokyo was ranked first in the “Best overall experience” category of TripAdvisor’s World City Survey.

8. New York, US: £8,482 per sqm

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A global power city, New York City has been described as the cultural, financial, and media capital of the world, and exerts a significant impact upon commerce, entertainment, research, technology, education, politics, and sports.

9. Mumbai, India: £8,158 per sqm

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Mumbai is the financial, commercial and entertainment capital of India. It is also one of the world’s top ten centers of commerce in terms of global financial flow. In 2008, Mumbai was named an alpha world city. It is also the wealthiest city in India and has the highest number of millionaires and billionaires among all cities in India.

10. Geneva, Switzerland: £7,565 per sqm

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Geneva is a global city, a financial center, and worldwide center for diplomacy due to the presence of numerous international organizations, including the headquarters of many of the agencies of the United Nations and the Red Cross. Geneva is the city that hosts the highest number of international organizations in the world. It is also the place where the Geneva Conventions were signed, which chiefly concern the treatment of wartime non-combatants and prisoners of war.

11. Rome, Italy: £6,153 per sqm

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The city hosts the headquarters of many international business companies, such as Eni, Enel, TIM and national and international banks such as Unicredit and BNL. Its business district, called EUR, is the base of many companies involved in the oil industry, the pharmaceutical industry, and financial services. Rome is also an important fashion and design center thanks to international brands such as Fendi, Bulgari, Renato Balestra, Valentino, Laura Biagiotti. Rome’s Cinecittà Studios have been the set of many Academy Award-winning movies.

12. Athens, Greece: £5,312 per sqm

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In modern times, Athens is a large cosmopolitan metropolis and central to economic, financial, industrial, maritime, political and cultural life in Greece. In 2012, Athens was ranked the world’s 39th richest city by purchasing power and the 67th most expensive in a UBS study.

13. Helsinki, Finland: £5,198 per sqm

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Helsinki is Finland’s major political, educational, financial, cultural, and research center as well as one of northern Europe’s major cities. Approximately 75% of foreign companies that operate in Finland have settled in the Helsinki region. The nearby municipality of Vantaa is the location of Helsinki Airport, with frequent service to various destinations in Europe and Asia.

14. Bermuda: £4,982 per sqm

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Bermuda’s economy is based on offshore insurance and reinsurance, and tourism, the two largest economic sectors. Bermuda had one of the world’s highest GDP per capita for most of the 20th century and several years beyond. Recently, its economic status has been affected by the global recession.

15. Luxembourg, Luxembourg: £4,742 per sqm

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In 2011, Luxembourg was ranked as having the second highest per capita GDP in the world at $80,119 (PPP), with the city having developed into a banking and administrative center. In the 2011 Mercer worldwide survey of 221 cities, Luxembourg was placed first for personal safety while it was ranked 19th for quality of living.

16. Taipei, Taiwan: £4,493 per sqm

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Taipei is the political, economic, educational, and cultural center of Taiwan island, and one of the major hubs of Greater China. Considered to be a global city, Taipei is part of a major high-tech industrial area.

17. Tel Aviv, Israel: £4,435 per sqm

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According to Forbes, nine of its fifteen Israeli-born billionaires live in Israel; four live in Tel Aviv and its suburbs. The cost of living in Israel is high, with Tel Aviv being its most expensive city to live in. According to Mercer, a human resources consulting firm based in New York, as of 2010 Tel Aviv is the most expensive city in the Middle East and the 19th most expensive in the world.

18. Sydney, Australia: £4,398 per sqm

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Researchers from Loughborough University have ranked Sydney amongst the top ten world cities that are highly integrated into the global economy. The Global Economic Power Index ranks Sydney number eleven in the world. The Global Cities Index recognizes it as number fourteen in the world based on global engagement.

19. Shanghai, China: £4,380 per sqm

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Shanghai is one of the main industrial centers of China, playing a key role in China’s heavy industries. A large number of industrial zones, including Shanghai Hongqiao Economic and Technological Development Zone, Jinqiao Export Economic Processing Zone, Minhang Economic and Technological Development Zone, and Shanghai Caohejing High-Tech Development Zone, are backbones of Shanghai’s secondary industry.

20. Toronto, Canada: £3,904 per sqm

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Toronto has a high concentration of banks and brokerage firms on Bay Street, in the Financial District. The Toronto Stock Exchange is the world’s seventh-largest stock exchange by market capitalization. The five largest financial institutions of Canada, collectively known as the Big Five, have national offices in Toronto.

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Source: telegraph.co.uk

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