Knight Frank named the city with the most expensive luxury real estate in the world. Monaco took the first place in the ranking. Among other European cities, the highest prices are in London, Geneva and Paris, according to the portal Arabian Business referring to the report of Knight Frank.
Average price of luxury real estate in Monaco is $57,600 - $63,700 per square meter. For comparison, in Hong Kong moneybags pay $49,200 - $54,400 per square meter of elite housing, in London - $41,900 - $46,300, in Geneva - $29,300 - $32,400.
Top 20 cities with the most expensive luxury real estate:
1. Monaco
2. Hong Kong
3. London
4. Geneva
5. Paris
6. Singapore
7. Moscow
8. New York
9. Sydney
10. Shanghai
11. Peking
12. Rome
13. Miami
14. Tokyo
15. Los Angeles
16. Mumbai
17. Istanbul
18. Sao Paulo
19. Dubai
20. Capetown