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What you’ll get in Monaco for $200,000

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Monaco is the worlds most expensive real estate city.

Monaco is the worlds most expensive real estate city.

WORLD’S MOST EXPENSIVE CITY
[dropcap]M[/dropcap]aybe you thought New York City was the world’s most expensive city?

No, it’s not. At least not when it comes to real estate prices, as this CNBC report shows:

Looking to spend $200,000 for a villa in Monaco?

Good luck. For that amount, you’d be lucky to get a one-bath – as in a single four-foot by eight-foot bathroom.

Monaco is the most expensive city in the world when it comes to real estate, according to the Knight Frank’s latest Wealth Report. Knight Frank, the London-based real-estate firm, said that the average price of real-estate in Monaco was between $5,350 and $5,920 per square foot in the fourth quarter of 2012.

The city with the second highest real estate prices is Hong Kong — here is the whole Top Ten-list for those who plan to buy a home:

Average Home Price Per Square Foot, 4Q 2012

1 Monaco $5,350-$5,920
2 Hong Kong $4,570-$5,050
3 London $3,890-$4,300
4 Geneva $2,720-$3,010
5 Paris $2,350-$2,600
6 Singapore $2,340-$2,580
7 Moscow $2,040-$2,260
8 New York $2,030-$2,240
9 Sydney $2,020-$2,230
10 Shanghai $1,820-$2,020
Source: Knight Frank/CNBC

 

The editor of the Traveling Reporter works as a business news editor, and is a frequent traveler. When not doing any of that, he spends time on his boat and tries to figure out where to travel next. Two of his top destinations are the Philippines and San Francisco. Email Erik! Follow the Traveling Reporter at Stumbleupon, Tumblr, Chime In, Pinterest, Google+, Weibo, Storify, Facebook, Traveldudes, Myspace.