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 )
	COUNTRY	CITRY/REGION	AVE PRICE (US$/sq.m.)
1	Monaco	Monte Carlo	47,578
2	Russia	Moscow	20,853
3	UK	London	20,756
4	Japan	Tokyo	17,998
5	Hong Kong	Hong Kong	16,125
6	USA	New York	14,898
7	France	Paris	12,122
8	Singapore	Singapore	9,701
9	Italy	Rome	9,166
10	India	Mumbai	9,163
28	Australia	Sydney	4,994

Only Sydney made is as the only Australian representative. No Perth in the top 112 :)