If you are looking for the perfect investment this may just be it: residential property is always a good idea. Knight Frank’s latest Prime International Residential Index has revealed the most expensive cities to buy property in the world, based on how many prime squares metres $1m will buy. And The Most Expensive Homes is ready to show you everything about the 10 most expensive cities to invest in property. Take e look!
At number 10 is Shanghai, where $1m will buy you just 46.2 square metres’ worth of luxury property.
For $1m, you can buy 43 square metres of upmarket space in Moscow. Apartments in a magnificent new residential complex on the Ostozhenka (pictured) are priced from around $2.2m.
$1m will buy 41.7 square metres’ worth of space in Paris. A typical property would be one of the apartments in this development with private gardens for sale in the heart of Paris’s 7th arrondissement.
If you’re thinking of heading Down Under, a luxury property worth $1m will measure around 41.2 square metres.
In sixth place is the Big Apple, where your cash will buy you a 40.2 square metre property. On the market is The Sterling Mason (pictured), a collection of 22 residences in Tribeca.
Next up is Geneva, where you can expect to buy 34.7 square metres. The Du Parc Kempinski apartments (pictured) are in UNESCO protected vineyards, overlooking Lake Geneva and the alps.
The property doesn’t come cheap in London, with $1m only equalling 25.2 square metres. You’ll need considerably more to buy this new mews house in Belgravia (pictured), priced at £14.75m.
Space is tight in lively Singapore, where $1m will only net you 32.6 square metres.
Don’t pack too much if you’re moving to Hong Kong. Here, $1m means a home of 20.6 square metres.
And finally, in the first place, is the tiny principality of Monaco. Here, $1m is only equal to 15 square metres of space. We imagine it’ll cost rather more to buy a flat in Tour Odéon (pictured), the tallest building in Monaco.