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