It’s true that slick digs in desirable cities often come at a price, but some more than others. Most people are concerned with where you can pick up international property for reasonable prices, but to help you discover where your money won’t stretch quite so far, Global Property Guide have revealed which cities in the world are the most expensive to buy property.

Top of the list of the most expensive cities to buy property in 2009 is Monte Carlo, in Monaco. According to Global Property Guide, the average price per square metre, based on a 120sqm apartment in good condition in the city centre (priced in US dollars), is $47,578 (approx. £33,521). Second on the list – but only just – is Moscow, in Russia, where the cost per square metre averages at $20,853 (approx. £14,676). Closely following on its heels and despite of the global economic effects, is good old London, where the average price was found to be $20,756 (approx. £14,611).

The rest of their top ten is made up of:

4. Tokyo, Japan – $17,998 (approx. £12,670).
5. Hong Kong, Hong Kong – $16,125 (approx. £11,352).
6. New York, USA – $14,898 (approx. £10,484).
7. Paris, France – $12,122 (approx. £8,530).
8. Singapore, Singapore – $9,701 (approx. £6,826).
9. Rome, Italy – $9,166 (approx. £6,450).
10. Mumbai, India – $9,163 (approx. £6448).

Top 10

This entry was posted on Friday, March 6th, 2009 at 1:33 pm and is filed under Buying, Prime property. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.