The World's Most Expensive Cities For Luxury Real Estate

Billionaires have been on a real estate buying spree. Stateside, they’ve broken records on huge home purchases in every major housing market from Woodside to Malibu to Aspen to Chicago to Miami to New York. Massive sales in London, Singapore and Hong Kong have garnered worldwide attention.

These are the list of World's Most Expensive Cities For Luxury Real Estate :-

1. Hong Kong, China



Average price per square foot: 7,200 pounds (about $11,000)

Average property size: 5,200 sq. ft.

2. Tokyo, Japan

Average price per square foot: 5,000 pounds (about $7,600)

Average property size: 16,000 sq. ft.

3. London, U.K.

Average price per square foot: 3,500 pounds (about $5,300)

Average property size: 7,900 sq. ft.

4. Paris, France

Average price per square foot: 2,900 pounds (about $4,400)
Average property size: 10,800 sq. ft.

5. Moscow, Russia

Average price per square foot: 2,800 pounds ($4,250)

Average property size: 4,600 sq. ft.

6. New York City, U.S.A.

Average price per square foot: 2,700 pounds (about $4,100)

Average property size: 6,500 sq. ft.

7. Shanghai, China

Average price per square foot: 1,400 pounds (about $2,125)

Average property size: 5,400 sq. ft.

8. Singapore, Singapore

Average price per square foot: 1,200 pounds (about $1,820)

Average property size: 12,300 sq. ft.

9. Mumbai, India

Average price per square foot: 640 pounds (about $970)

Average property size: 6,800 sq. ft.

10. Sydney, Australia

Average price per square foot: 580 pounds ($880)

Average property size: 19,400 sq. ft.

The End!

Source : Forbes