There are several ways to calculate the price of the real estate sector in each country, which leads to several rankings of the ten most expensive cities to invest in real estate around the world. In these cities, even a cheap house for sale will cost you a pretty penny.
1. Los Angeles
In Los Angeles, we could buy a 57 m2 flat for a million dollars. Therefore, the price per m2 is $ 17,543.
2. Paris
In the French capital, it would be enough for a 50m2 apartment, with which the price of luxury homes in this city is precisely $ 20,000 / m2 on average.
3. Shanghai
Shanghai is the third most expensive Asian city and the eighth in the world. With a budget of one million dollars, we could acquire a 48m2 apartment ($ 20,833 / m2).
4. Sydney
Sydney is probably the surprise on the list because it does not usually appear in the rankings of the most expensive cities in the world. However, when it comes to luxury homes, it appears in the seventh position with its $ 24,390 / m2. In Sydney, we could buy a 41 m2 flat.
5. Geneva
In Geneva, we could buy a flat of just 39 m2 for a million dollars. Therefore, the price per m2 is $ 25,641.
6. Singapore
In Singapore, the price per m2 is only slightly higher than in Geneva since we could also purchase a 39 m2 flat on our budget.
7. New York
The most expensive city on the continent is New York. With a million dollars, we could buy a small - but we suppose that charming - 34 m2 apartment. This is equivalent to $ 29,411 m2.
8. London
Nor is it surprising that London is most expensive in Europe, and the third in the world is London. At $ 47,619 / m2, we could buy a 21 m2 apartment.
9. Hong Kong
The most expensive Asian city and the second in the world is Hong Kong. At exactly $ 50,000 per square meter, we could buy a luxury studio of only 20 m2.
10. Monaco
With its 2 km2, Monaco is indisputably the most expensive city in the world when it comes to real estate. At $ 58,823 per m2, the budget of one million dollars would reach us for only 17 m2!