Luxury Neighborhoods: 10 World’s Most Expensive Cities to Invest
Luxury Neighborhoods: 10 World’s Most Expensive Cities to Invest – In case have some money to invest in luxury real estate, but do not know where you should buy a luxurious property, so you must take a look at the list below!
To help you discover the best places in the world to invest in real estate, The Most Expensive Homes presents today the most valuable cities in case you’re thinking about making a huge investment and buy a property in one of those towns. Based on the average for a 120 square meter apartment in a prime inner city area, the following list estimates the 10 most expensive real estate markets, according to Global Property Guide.
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: £12947 per sqm
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: £12201 per sqm
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: £11410 per sqm
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: £10565 per sqm
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: £8787 per sqm
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: £8752 per sqm
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: £8482 per sqm
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: £8158 per sqm
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: £7565 per sqm
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.
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