In just a few decades, real estate has been so successful that it is now taking over the world market. The vital need for large cities but also a major player in the “good bills” of the economy, real estate remains a “down to earth” sector but which guarantees a rapid enrichment. Focusing on the implementation of a policy of good stewardship and the modernization of modernity, real estate is not limited to a single framework. Although present in all cities of the world, some of them enjoy a status at golden prices: luxury in its entire splendor. Where the price indicates the high-end, we present you the list of the most expensive cities in the world for the luxury real estate.
Here 11 Most Expensive Cities In The World For Luxury Real Estate.
Monaco
City of the principality of the upper Monegasque society, it was well known that the agglomeration of the great millionaires was a rich city. The French city, however, surprises with the price of real estate. The accommodations are of such a high standard in Monaco, we do not only rub shoulders with luxury, we live and it’s normal. With a figure that shows between 43,000 Dollars and 48,000 Dollars per square meter, real estate is not given in Monaco.
Indeed, the luxury of the principality has become a new trend. The status of the city has also played a key role in this rise in real estate prices. Luxury residences and luxury apartments do not skimp on the means for owners to enjoy an aristocratic life that borders on excellence, refinement, and objects of great value. We can also refer to the scarcity of real estate and tax evasion as the origin of this place of Monaco in the real estate sector. With a rise of 2%, the real estate of Monaco is luxury among the luxuries. A fame that makes the city includes very rich people.
Hong Kong
Second world GDP, China puts in the spotlight Hong Kong in the price of the luxury real estate. With a considerable rise in economic development, the city has become the center of the largest business in the world.
Real estate, especially occupied by professionals, the city records a price of 37,100 Dollars to 41,000 Dollars per square meter. With an innumerable need for a larger and more luxurious structure, the city of business is turning to a flawless modernity and more valuable products than the others.
London
Entering the list of elites, London has a price of 30,000 to 35,000 Dollars per square meter. With a rise of 8.70%, the sober and classy city puts in front of the stage the luxury. Always favorite of the better-off, the city of the United Kingdom knows no doubt its success among millionaires thanks to its monarchical status.
Geneva
The big city of Switzerland is 24,000 Dollars per square meter. Switzerland is still a country with power, its largest city still attracts greed and allows investors to enjoy a growing economy. A point that allows anchoring more and more in luxury real estate and can thus display very exorbitant prices.
Paris
Becoming in a few years a flagship destination for people, Paris has also turned into an ideal city to live. The requests then went far beyond the offers. With world renown for refinement and a luxurious taste, real estate can barely handle the demands. As a result, the big capital knows a price rise from 19,100 Dollars to 21,000 Dollars per square meter. The origin also comes from the atypical taste of the city which makes a return on the row the love of luxury and things of great values.
Also listing buildings and residences that date back several centuries, real estate plays on the beauty of local heritage and tends to let owners enjoy many priceless things. However, it should be taken into account that foreigners wanting to live in the city contribute to this status of the luxury real estate in the big capital.
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Singapore
This second city of China has a price between 19,000 and 21,000 Dollars per square meter. This is mainly due to the economic activity of the country. With demand skyrocketing, the real estate sector is booming. Luxury is not only related to this high demand but also the type of customer who wants to have a residence or apartment in the big city at all costs. The presence of wealthy individuals also plays a role in this inflation. The demands are increasing, but the rich youth of the agglomeration is also raising the numbers.
Moscow
Even with a warm climate, the city is talking about it with a figure between 16,600 and 18,300 Dollars. For years, we know that many Russians are rich, immensely rich. On the one hand, we can say that the demands of local Russians are contributing to rising prices with increasingly luxurious tastes. On the other hand, it is not to be excluded that the city’s renown on many levels (mainly cultural) means that the city is looking more and more for luxury.
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New York
With a population that is skyrocketing, generally, the city of New York is experiencing a boom in the real estate sector. The city of all dreams, however, displays a price between 16 400 and 18 200 Dollars per square meter in luxury real estate. The cause: the unusual and excessive taste of luxury in the city. It is especially the apartments that are the most sought after, the view at the top of the floors being the most popular. But more than the real estate in question, the choice of the neighborhood also plays a crucial role in the price displayed.
Sydney
The Australian city enters the ranks with a price between 16 400 and 18 100 Dollars per square meter. A price that luxury real estate seems to appreciate given the value of the city, its success and its reputation especially with wealthy young people.
Shanghai
China is still talking about it with its second city included in luxury. Displaying up to 18,000 Dollars per square meter, Shanghai rubs shoulders with luxury with a golden youth that is anchored more and more in modernity and Western styles. The refinement of the requested raw materials is also the cause of this price and the luxury status of the local real estate.
Pekin
China’s third largest city with luxury real estate up to 13,800 square meters, Beijing is blazing the sector with a growing concentration of demands. Beijingers are numerous to be wealthy besides the numerous foreigners who rush to the city for business. Playing a crucial role in economic development, the city is also a major player in the country and attracts wealthy businessmen willing to invest and live.
