If it seems to you that the cost of capital real estate in Ukraine is not affordable for everyone, then what can you say about the average price tag in other cities and countries? We have collected for you 10 megacities where apartments cost more than you can imagine. Your bets – who will be among the three finalists?
TOP 10 cities for wealthy investors
🔟 London, UK
💰 Average property price – 12,503 USD/m² (8,115-16,890 USD/m²)
The world-respected Forbes magazine has more than once put the UK in first place in its ranking of the most favorable countries for living. And the Resonance Consultancy agency, being a leading global consultant in real estate and economics, also believes that London is the best city in the whole world. How do experts back up their words? Of course, market statistics and its trends. Our beloved capital of Great Britain is developing dynamically, setting an example for world capitals and attracting investors.
9️⃣ Shanghai, China
💰 Average property price – 13,650 USD/m² (8,930-18,370 USD/m²)
Living in the most densely populated metropolis on the planet will not be to everyone’s taste, but, nevertheless, this city, through the hard work of its population, was able to achieve the title of the financial center of the country, so the standard of living here is appropriate. Shanghai has entire themed districts for businesses and boutiques. The latter attract numerous wealthy tourists. The path from buying a branded suit to apartment is not that long.
8️⃣ Singapore, Singapore
💰 Average property price – 14,200 USD/m² (9,300-19,100 USD/m²)
Housing costs are growing by leaps and bounds , but by the hour, especially when it comes to the central part of the city. Multinational and multicultural Singapore is open to foreigners. Even the most commonly used language here is English. Specialists in the fields of medicine, science and IT choose to move to this country as a way to develop their skills and receive decent rewards for putting them into practice. Therefore, along with the residential segment of real estate, the commercial segment is also in great demand.
7️⃣ Beijing, China
💰 Average property price – 14,255 USD/m² (9,320-19,190 USD/m²)
Respect for traditions goes inextricably with the development of information technology. Home to China's largest railway and aviation facilities, Beijing welcomes thousands of foreigners every day. As in most cities and towns, the most budget housing is located on the outskirts, but even there the price is steep, so only established businessmen can afford such a purchase.
6️⃣ Shenzhen, China
💰 Average property price – 14,288 USD/m² (9,265-19,310 USD/m²)
This city has left even the capital behind with its real estate pricing policy. Technology is a major focus of Shenzhen's development, so it is not surprising that the rapid pace at which one of the most progressive areas is being developed has influenced all others. Many successful companies take the first steps towards their future empires here, so commercial real estate slowly, but is steadily growing in price along with housing.
5️⃣ Queens, New York, USA
💰 Average property price – 14,304 USD/m² (8,630-19,978 USD/m²)
The island flavor of the suburbs is fully felt in Queens. Situated in the heart of Long Island, it boasts breathtaking views of the Atlantic Ocean and the breathtaking amenities of a major business center. Queens is predominantly inhabited by immigrants, which proves its promise and attractiveness in the eyes of foreign investors.
4️⃣ Santa Barbara, California, USA
💰 Average property price – 15,172 USD/m² (8,734-31,609 USD/m²)
Tropical resorts and coasts have not surprised anyone for a long time because the best seascapes are located in Santa Barbara. Its mild climate with lots of sunny days and a refreshing breeze from the Pacific Ocean is much more suitable for vacation at any time of the year, so many visitors decide to extend their vacation for life. The American Riviera gives people something for which they don’t mind paying even 15,172 USD/m² - happiness.
3️⃣ Seoul, South Korea
💰 Average property price – 16,466 USD/m² (10,985-21,946 USD/m²)
The center of culture, the center of finance and the center of the country - Seoul manages to combine everything at once. The same can be said about its architecture - historical monuments and modern high-rise buildings do not interfere with each other at all, but on the contrary, with the help of striking contrast, they emphasize the delights of the eras during which they were created. Education and medicine, leisure and work - everything is equally well developed here, so the city is excellent for living and doing business.
2️⃣ Hong Kong, Hong Kong
💰 Average property price – 28,660 USD/m² (23,492-33,827 USD/m²)
Like Seoul, this city carefully preserves examples of ancient architecture and is not afraid to complement them with new buildings. In addition, there are a huge number of natural areas and entertainment for every taste, such as the Symphony of Lights, a light show that made Hong Kong famous throughout the world. The city has earned the respect of investors for its careful attitude to culture and attention to the needs of modern people.
1️⃣ Monte Carlo, Monaco
💰 Average property price – 97,000 USD/m² (80,267-113,732 USD/m²)
The leader takes the lead! Few people will be surprised that it was Monte Carlo that took honorable first place in our ranking of cities with the most expensive real estate. Only if you live in Monaco, you will be able to watch the sharp turns of Formula 1 racing cars from the window of your apartment. Real estate here is equated to royal palaces, and life itself is equal to paradise. A paradise for the rich, of course. The cost of one square meter in Monte Carlo may exceed the price of apartment in Kyiv, so get to this Only a select few can have a piece of heaven on earth.
