Some Of The Most Expensive Real Estate Markets

By Author: William King
Total Articles: 365
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Even with the news of price decline from majority of the property market, buying a real property is still an expensive purchase by any standards, especially if you are talking about one of these expensive markets. Do you think being in the list of the most expensive real estate markets is good or bad? Answer to this question is debatable, however going through the list and looking at the prices in the cities like London, Moscow or Tokyo can give you a kind of breather (or nightmares if you happen to be a buyer looking for a piece of property in these cities).

If you thought property prices in cities like Dubai, Singapore or Mumbai are way too high, you must take a look at the prices in London, Monte Carlo or New York. This might gives you an idea, what really is expensive in real estate terms.

London:
Often dubbed as the most expensive city, London lives up to its reputation in real estate sector as well. From the property prices to the cost of living, food to transportation, capital of England is not for faint hearted consumers. Property prices are always on the up due to high wages, high demand, and low ...
... supply (unlike other developed cities, London doesn't have a profusion of skyscrapers). West London and Central London are the most expensive areas in city of London.

Monaco:
Monaco, mostly famous for its tourists attractions (and most famous among these attractions is of course, the casinos). The main residential area is called Monte Carlo, and the average per square meter price in this area is actually higher than London. Monte Carlo enjoys the highest property prices in the world, thanks to its no-tax policy that attracts the cream of the crop (rich celebrities and business people).

Hong Kong:
Rich culture, one of the world's leading economies, and a very impressive skyline, Hong Kong is the most expensive real estate market in Asia, and it might be competing with the top real estate markets in the world if Chinese economy continue to grow at this speed.

New York:
Despite a sharp decline in prices, in the first quarter of 2009, New York property still rates among the most expensive ones in the world, though it may slip further on the list as the prices continue to fall due to the financial crunch. Manhattan, which is the most desired area for property buyers in New York, has recently witnessed a decline in both property prices and sales.

William King is the director of Abu Dhabi Property & Abu Dhabi Real Estate: http://www.bayut.com/abu_dhabi_property/real_estate_properties-sale-6020-1.html , Dubai UAE & Dubai Directory: http://www.datadubai.com and UK Wholesale Suppliers, Distributors, Dropshippers & Manufacturers: http://www.wholesalepages.co.uk. He has 18 years of experience in the marketing and trading industries and has been helping retailers, entrepreneurs and startups with their product sourcing, promotion, marketing and supply chain requirements.

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