New York is the lone U.S. city to land in the top 10 most expensive residential real estate markets in the world, according to a new report from Knight Frank.
But with luxury homes in New York costing anywhere from $2,030 to $2,240 per square foot, it’s only about half as expensive as the most expensive housing market in the world: Monaco. There, luxury homes can cost $5,350 to $5,920 per square foot.
The following are the top 10 priciest housing markets in the world and the average cost per square foot in U.S. dollars, according to the report:
- Monaco: $5,350 to $5,920
- Hong Kong: $4,570 to $5,050
- London: $3,890 to $4,300
- Geneva: $2,720 to $3,010
- Paris: $2,350 to $2,600
- Singapore: $2,340 to $2,580
- Moscow: $2,040 to $2,260
- New York: $2,030 to $2,240
- Sydney: $2,020 to $2,230
- Shanghai: $1,820 to 2,020
Other U.S. cities rounding out the top 20 list were Miami at number 13 (priced between $1,300 to $1,440 per square foot) and Los Angeles at number 15 (priced between$1,210 to $1,340 per square foot).
The author of this article is: realtormag.realtor.org
See the original post at: http://realtormag.realtor.org/daily-news/2013/03/11/10-priciest-real-estate-markets-in-world
At GayRealEstate.com, we keep you updated with all the gay realtor, lesbian realtor, gay realty, gay real estate and general real estate news affecting the LGBT community coast to coast, and in your neighborhood.
Click here for list of gay realtors, lesbian realtors and gay friendly realtors Nationwide.
If you have a real estate story that you’d like to share with us with the gay and lesbian real estate community, please contact us at: manager@gayrealestate.com
