Wednesday, May 20, 2009

Most Expensive in the World



Monte Carlo: Not your first home buyer option

Some new figures coming out give us an indication of where are the most expensive places in the world to buy an apartment.

1. Monte Carlo $US47,578 per square metre. Why? Tax haven for the rich and famous but not enough land to go around. 

2. Moscow $US20,853 per square metre. Why? The communism pendulum has swung back the other way with a vengence on the back of high oil prices and economic growth. 

3. London $US20,756 per square metre. Why?  Everyone wants to be in the capital of the British Empire.

4. Tokyo $US17,998 per square metre. Why? Once again, the capitalism capital of Japan with not much land and too much business. 

5. Hong Kong $US16,125 per square metre. Why? Have you seen the size of this place? China's gateway to the Western world is a mix of ex-pats and new Chinese millionaires.

Here's the list thanks to the GlobalPropertyGuide.com 

MOST EXPENSIVE PROPERTY MARKETS

(based on a 120 sq. m. apartment )
COUNTRYCITRY/REGION
AVE PRICE (US$/sq.m.)
1MonacoMonte Carlo
47,578
2RussiaMoscow
20,853
3UKLondon
20,756
4JapanTokyo
17,998
5Hong KongHong Kong
16,125
6USANew York
14,898
7FranceParis
12,122
8SingaporeSingapore
9,701
9ItalyRome
9,166
10IndiaMumbai
9,163




28AustraliaSydney
4,994
Only Sydney made is as the only Australian representative. No Perth in the top 112 :)

No comments:

Quick Poll: Are you currently

Most Read Posts