The fabulously beautiful Principality of Monaco attracts rich lucky people from all over the world. Even the global economic crisis, which forced the governments of European countries to apply cruel financial measures, thereby forced the affluent public to pay closer attention to this piece of land caressed by the sea and the sun on the border of France andItaly.
Real estate prices in Monaco are breaking record after record, exceeding the height of the tallest skyscrapers of the coast. On average, the cost of an apartment in Monaco varies between ... 43.800 and 48.000 euros per square meter. This is more than 16 times more expensive than the average cost of real estate in France!
The real estate of the Principality of Monaco remains one of the most expensive in the world. The reasons for such high prices are more than logical: the limited supply on the real estate market of Monaco, the close interest in Monaco of wealthy buyers from all over the world, a favorable climate and a sparing tax system.
Nevertheless, the exotic Hong Kong has been competing with Monaco's real estate offers for a long time and firmly. Despite all the measures taken by the local government to reduce the overheating of the Hong Kong real estate market, namely tax increases for foreign investors, the demand for apartments in Hong Kong remains high. The increase in real estate prices in Hong Kong last year amounted to 8.7% and stopped at between 37.100 and 41.000 euros per square meter.
London is another point on the world map with boiling real estate prices. Over the past year, the growth also amounted to 8.7% and now prices are in the range from 31.600 to 34.900 euros per square meter. It is the prices of real estate in London that make this capital the 3rd in the ranking of the most expensive cities in the world.
London's real estate market has been fueled by large European capital for years. And when, under the pressure of the economic crisis, European capital began to dry up, it was replaced by investors from Asia, Russia, Africa and the Middle East.
