As we know, there are many factors which influence property prices all over the world. And let's be honest, we all dream of staying in the best and finest places!
Here are the top 10 most expensive places to buy a home in the world:
Located on the French Riviera along the Mediterranean coast, Monaco (the second smallest country in the world) is a sovereign city-state, which is home to many of the richest people!
With the highest GDP, Monaco is the wealthiest nation which offers the most opulent real estate in the world. The average price per square meter of property in Monaco is a whopping $60,114. This makes it the most expensive place to buy property anywhere around the globe and is considered one of the best places for property that offers true luxury.
London, United Kingdom
London, the capital city of England, is located on the tranquil 215 mile long River Thames which flows through Southern England, most notably through London.
London is the most visited city and the world's leading investment destination. It has a diverse range of people and cultures where more than 300 languages are spoken in the region. If you looking to purchase property, you can expect to pay approximately $34,531 per square meter.
Hong Kong, Hong Kong Island
Hong Kong Island's luxury property market hosts trophy homes at record prices! It is situated in the Southern part of Hong Kong and has a population of 1,289,500.
It is home to many of the most famous sights in Hong Kong, for example, The Peak, Ocean Park and much more. This island is often referred to as "Hong Kong side" or "Island side". Prices for property on Hong Kong Island are currently estimated $25,551 per square meter and are on the increase.
New York City, United States
New York, the largest city in the United States, is an architectural wonder with impressive buildings and a number of beaming skyscrapers. New York is seen as one of the world's most populated megacities with an estimated population of 20,320,876. This lively city has a lot to offer including opulent homes and luxury apartments. However, for many people, buying property in New York is merely a dream. Prices of property per square meter is a massive $17,191!
Tokyo, the capital of Japan, is often referred to as a city but is officially the most populous metropolitan area in the world. One can enjoy a fabulous meal at Aragawa, a renowned eatery in Tokyo. However, be prepared as Aragawa is the most expensive restaurant in Tokyo!
You can expect to pay around $16,322 per square meter should you wish to purchase property in Tokyo. Statistics show that land prices have increased by 35-40% between January 2013 and January 2017.
Moscow is the capital of Russia and is located on the Moskva River. Moscow has a population of over 11.5 million and has been ranked the ninth most expensive city in the world!
It is a city renowned for the Red Square, the Kremlin and St. Basil's Cathedral, and should definitely be added to your travel bucket list. Another very interesting fact is that Moscow claims the largest number of billionaires in the world. According to Forbes, there are 84 billionaires residing in this iconic city. If you looking to purchase property in Moscow, you can expect to pay around $16,021 per square meter.
Mumbai, which is formerly known as Bombay, is densely populated and is India's largest city. Water surrounds this city which makes it extremely appealing to potential residents but opportunity for development is extremely limited, putting property in high demand. You can expect to pay a massive $15,525 per square meter.
This beautiful city is situated along the banks of Lake Geneva at the foot of the Alps. Along with other amazing monumental features, Geneva has a long history of diversity and is considered a world-class entertainment city with top-rated restaurants. There are many reasons why people decide to move to Geneva, some include: work opportunities, a cosmopolitan atmosphere, and of course the amazing quality of life it offers. However, purchasing property in this incredible city is not cheap and can set you back $15,495 per square meter!
Located in the very heart of Europe, Austria's capital is known for its cultural events, imperial palaces, breath-taking sights, coffee shops, and cozy restaurants including wine taverns. With a musical heritage that includes the famous and never to be forgotten composers, Wolfgang Amadeus Mozart, Ludwig van Beethoven and many more, Vienna is known as the City of Music!
In the last 6 years property prices have risen dramatically and now average approximately $14,952 per square meter.
Paris, the capital of France and also known as the "City of Love", has always been marked as one of the most visited and loved cities in the world!
There are in total over 1,800 monuments and 173 museums in Paris alone. The monument that is visited the most is the Notre-Dame Cathedral, with more than 14 million visitors recorded in 2014. The largest bell, named Emmanuel, is located inside the south tower of the Cathedral and weighs over 13,000 kilograms - that equates to 3 adult Indian elephants!
Paris has been rated the 10th most expensive place to live in the world, with a square meter of property valued at $14,100.
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Imagine the day when you can purchase such a prestigious property in one of these fantastic locations and be the proud owner of a luxurious residence. Act now without hesitation and make sure you live the dream today!