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10 world's most expensive real estate markets
By
Xu Lin
If you want to live big, you have to spend big.
Monaco is currently the most costly residential location in the world, closely
followed by Cap Ferrat in France and London in the UK.
The following are the top 10 most expensive real
estate markets in the world.
#10 Hong
Kong, China (apartments) （中国香港公寓）
Average housing price: US$2,625/square foot
A forest of residential skyscrapers in China's Hong Kong stands proud
and tall on April 13, 2011.[sina.com.cn]
According to a survey by the U.S.-based
consulting firm Demographia International, Hong Kong property, available at
11.4 times the gross median annual household income, is the most unaffordable
in the world. Nearly half the population lives in government or subsidized
housing. For many residents, the prospect of buying their own home is out of
reach.
#9 Geneva,
Switzerland（瑞士日内瓦）
Average housing price: US$2,959/square foot
A residential area in Geneva, Switzerland, on Nov. 20, 2009.
[icpress.cn]
Geneva's present supply-demand ratio of housing
stands around 1:5. It is not a large city in Switzerland, and the city center
does not allow for any construction over 8 stories high. The increasing
population also contributes to the surge in housing prices.
#8 St Tropez, France（法国圣特罗佩斯）
Average housing price: US$3,600/square foot
The picturesque view of St Tropez, France, on Jan. 24, 2008.
[icpress.cn]
St Tropez, a luxurious French town, is located on the French
Riviera. Its favorable Mediterranean weather, picturesque views and romantic
atmosphere have made it an ideal place for the global jet set to spend their
summer vacation. It is a paradise for the wealthy and has been dubbed the
"playground to jetsetters, models, and millionaires."
#7 Gstaad, Switzerland（瑞士格施塔德）
Average housing price: US$3,701/square foot
The city view of Gstaad, Switzerland, as pictured on Sep. 20, 2012.
[sina.com.cn]
Gstaad is a village in the German-speaking section of the Bern
Canton in southwestern Switzerland. Located in the Swiss Alps, it is known as a
major ski resort and a popular destination amongst the high-class society and
the international jet set.
#6 St.Moritz, Switzerland（瑞士圣莫里茨）
Average housing price: US$3,951/square foot
The city view of St.Moritz, Switzerland, as photographed on July, 18,
2007. [icpress.cn]
St.Moritz is a resort in the Engadine valley of Switzerland. It
has acted as host city for the 1928 and 1948 Winter Olympics, and nowadays
still features excellent ski facilities. Its favorable location endows the town
with over 300 days of sunshine a year. One can imagine that real estate prices
on the main streets are astonishingly high.
#5 Courchevel 1850, France（法国高雪维尔1850）
Average housing price: US$4,081/square foot
Skiers take a cable car in Courchevel, Franc, on March, 18, 2010.
[icpress.cn]
Courchevel is the name of the world-class ski resort located in
the commune of Saint-Bon-Tarentaise in the French Alps. It is a part of Les
Trois Vallées, the largest inter-linked ski area in the world. Courchevel 1850,
named after its altitude in meters, is the highest and most famous part of the
resort and favored by many of the wealthy people.
#4 Hong Kong, China
(villas)（中国香港别墅）
Average housing price: US$4,406/square foot
The Beverly Hills is an upscale and privately gated community in Hong
Kong, China, June 3, 1012. [icpress.cn]
China's Hong Kong for long has been famous for its skyscraping
prices of residential housing. For many local residents, the prospect of buying
an apartment is out of reach, let alone the purchase of a deluxe mansion. The
Beverly Hills is an upscale, privately gated community in Tai Po, New
Territories, situated along the coastline with a panoramic view of Tolo
Harbour. It comprises of 535 terraced, detached and semi-detached multi-storey
townhouses with luxurious public facilities. Some units feature outdoor gardens
and private swimming pools.
#3 London, UK（英国伦敦）
Average housing price: US$4,534/square foot
One Hyde Park, the UK's most expensive residential complex in London,
here pictured on Jan. 18, 2011. [icpress.cn]
One Hyde Park is a major residential and retail complex located in
London, UK. It is located in the Knightsbridge area of central London, adjacent
to Hyde Park and the Mandarin Oriental Hyde Park. The area, which came into
being and rose up to prosperity in the mid-17th century, has long been regarded
as London's fashion landmark. One Hyde Park is reportedly the country's most
expensive residential complex, with its 86 residential properties marketed with
prices starting from £20 million (US$32.05 million).
#2 Cap Ferrat, France（法国费拉角）
Average housing price: US$4,800/square foot
A villa in Cap Ferrat, France, pictured here on May 27, 2008.
[icpress.cn]
Cap Ferrat is a seaside village in southeastern France, on a
peninsula jutting into the blue Mediterranean between Nice and Monaco. Its
beautiful scenery has attracted a great many millionaires and celebrities to
buy vacation resorts here. The place is now graced with a number of magnificent
villas.
#1 Monaco（摩纳哥）
Average housing price: US$5,408/square foot
A sculpture in front of a number of Monte Carlo villas, Monaco, on May
30, 2008. [icpress.cn]
Monaco is a sovereign city state, located on the French Riviera in
Western Europe. It has an area of only 1.95 square kilometers and a population
of 36,371, making the country the second smallest and the most densely
populated in the world. Its beautiful scenery and lavish entertainment
facilities have attracted a large number of moneyed people, making it the most
expensive residential location in the world.
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