{"id":21095,"date":"2013-03-13T11:32:36","date_gmt":"2013-03-13T15:32:36","guid":{"rendered":"https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/?p=21095"},"modified":"2013-03-13T11:33:08","modified_gmt":"2013-03-13T15:33:08","slug":"most-expensive-global-housing-markets","status":"publish","type":"post","link":"https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/most-expensive-global-housing-markets\/","title":{"rendered":"Global News: Most Expensive Luxury Housing Markets"},"content":{"rendered":"

The demand is rising for luxury properties, which means growing price tags for hotspot locations both here and internationally. After all, there are only so many desirable locations in the universe. If you\u2019re looking to drop some dough on your next biggest asset, read this important lineup of the most expensive luxury housing markets worldwide.<\/p>\n

10. Shanghai<\/strong><\/p>\n

$1,820-$2,020 per sq. ft. \u2013 This number is up 10.8%, and the cost of a home in Shangai is upwards of 45 times the average citizen\u2019s salary\u2026ouch!<\/p>\n

9. Sydney<\/strong><\/p>\n

$2,020-$2,230 per sq. ft. \u2013 Sydney, Australia is known to have a resilient housing market, making the area attractive to many investors.<\/p>\n

8. New York<\/strong><\/p>\n

$2,030-$2,240 per sq. ft. \u2013 Property investors view New York City as a safety pick, knowing a great apartment will keep its value in most circumstances.<\/p>\n

7. Moscow<\/strong><\/p>\n

$2,040-$2,260 per sq. ft. \u2013 Moscow is an attractive choice for many buyers because most natives prefer to live in the capital city. Look for properties in an area called the Golden Mile, known for high-end homes.<\/p>\n

6. Singapore<\/strong><\/p>\n

$2,340-$2,580 per sq. ft. \u2013 Singapore holds perhaps the worlds most dense concentration of millionaires and has little land left to develop, keeping property prices as high as ever.<\/p>\n

5. Paris<\/strong><\/p>\n

$2,350-$2,600 per sq. ft. \u2013 While the Paris real estate market faced the euro zone crisis and a new wealth tax proposed by the government, the market still stands strong in the iconic city.<\/p>\n

4. Geneva<\/strong><\/p>\n

$2,720-$3,010 per sq. ft. \u2013 Prices in Switzerland are forecast to rise 27% between now and 2022. Geneva\u2019s popular school systems, safe environment, ski resorts, and function as a financial center globally makes it an expensive pick.<\/p>\n

3. London<\/strong><\/p>\n

$3,890-$4,300 per sq. ft. \u2013With a price hike of 8.7% on average in 2012 and a continued rise in 2013, London homes are hailed as a purchase that will truly hold value.<\/p>\n

2. Hong Kong<\/strong><\/p>\n

$4,570-$5,050 per sq. ft. \u2013 A strong demand for Hong Kong residences comes from local and international owners, and the area\u2019s title as an international financial hotspot continues to drive its popularity.<\/p>\n

1. Monaco<\/strong><\/p>\n

$5,350-$5,920 per sq. ft. \u2013 Monaco takes the cake as a playground for the wealthy. Residents of Monaco pay no income or business tax, positioning the area as a favorite destination.<\/p>\n

Check out the whole story on CNBC<\/a><\/p>\n

Photos courtesy of Mariott<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The demand is rising for luxury properties, which means growing price tags for hotspot locations both here and internationally. After all, there are only so many desirable locations in the universe. If you\u2019re looking to drop some dough on your next biggest asset, read this important lineup of the most expensive luxury housing markets worldwide. […]<\/p>\n","protected":false},"author":16,"featured_media":21101,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1749,1],"tags":[1017,1016],"class_list":["post-21095","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-hlrn","category-news","tag-luxury-housing","tag-luxury-housing-market"],"acf":[],"yoast_head":"\nGlobal News: Most Expensive Luxury Housing Markets<\/title>\n<meta name=\"description\" content=\"Learn about the most expensive luxury housing markets worldwide with this rundown of global real-estate info.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/most-expensive-global-housing-markets\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta 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