Most Expensive Real Estate In The World Per Square Foot
The Most Expensive City for Real Estate
When it comes to luxury real estate, one city stands out above the rest: Monaco. The tiny principality on the French Riviera has consistently been ranked as the most expensive city in the world for real estate, with prices averaging around $5,000 per square foot.
The Sky-High Prices of New York City
Although Monaco might be the most expensive city in the world, New York City is certainly the most expensive in the United States. In certain neighborhoods, such as Manhattan's Upper East Side, prices can reach up to $4,500 per square foot.
The Extravagant Homes of Hong Kong
Hong Kong, with its limited land supply and high demand for luxury living, is another city with sky-high real estate prices. It's not uncommon to see price tags of $3,000 per square foot or more for luxury apartments in the city's most desirable neighborhoods, such as The Peak.
The Lavish Properties of London
London is another city known for its expensive real estate market, particularly in the upscale areas of Kensington and Chelsea. Luxury apartments in these neighborhoods can cost over $2,500 per square foot.
The Glamour of Los Angeles
Los Angeles is home to some of the most expensive real estate in the United States, particularly in neighborhoods such as Beverly Hills and Bel Air. It's not uncommon to see price tags of $2,000 per square foot or more for luxury properties in these areas.
The Opulence of Paris
Paris, the City of Light, is also known for its high-end real estate market. Luxury apartments in the city's most desirable neighborhoods, such as the 7th arrondissement, can cost over $2,000 per square foot.
The Prestige of Singapore
Singapore is another city with a high demand for luxury living, particularly among foreign investors. The most expensive properties in the city's prime neighborhoods can cost over $1,500 per square foot.
The Luxury of Sydney
Sydney, with its stunning harbor and beautiful beaches, is another city with a high-end real estate market. Properties in the city's most desirable neighborhoods, such as Point Piper, can cost over $1,000 per square foot.
The High-End Homes of Tokyo
Tokyo is another city with a high demand for luxury living, particularly among wealthy Japanese citizens. Properties in the city's most desirable neighborhoods, such as Minato and Chiyoda, can cost over $1,000 per square foot.
The Splendor of Shanghai
Shanghai, with its booming economy and thriving business district, is another city with a high-end real estate market. Luxury apartments in the city's most desirable neighborhoods can cost over $1,000 per square foot.