Top Ten Most Expensive Real Estate Cities In The World to Buy Property

Billionaires Business Finance & Banking International Property & Real Estate Top Ten List

This is the list of top ten most expensive cities in the world to buy property in.

1. Singapore:
Singapore is a small city with a big global impact. This former swamp has changed beyond recognition since Singapore became independent in 1965. It is now recognized as one of the world’s financial capitals and is a pioneer in a number of areas, including the best urban management system for running a city. Along with New York, Singapore often tops the list. Being a very small area, land is very scarce. In addition, as the demand for real estate increases, supply is limited, making the real estate market highly competitive. The city also has very few natural resources and relies on the port to import essential commodities such as water and electricity from natural gas.

2. Hong Kong:
Hong Kong is known for its skyscrapers and is considered an ideal example of a modern city. The large cultural center and rapidly adapting urban environment make Hong Kong one of the most expensive places to buy real estate.
Hong Kong is the second most expensive city in the world, tied with Los Angeles. With more then 7 million people living in the city, it’s not the cost of rent that makes it expensive, it’s the competitive housing demand and all the activities Hong Kong has to offer, such as nonstop markets, nightlife and attractions.

3. Shanghai:
With over 26 million residents, Shanghai is the most populous city in the world. Shanghai is the world’s busiest container port and one of the world’s largest financial centers. Often described as an “indicator” of China’s booming economy, this city is also among the most expensive cities in the world.

4. Los Angeles:
There’s a reason why Hollywood stars spend big on new apartments or houses. It costs a lot to live this glamorous Hollywood lifestyle. Not only is Los Angeles’ location the main reason housing is so competitive, specially with a population of over 10 million people, but high resident taxes and a 9.5% sales tax also make Los Angeles an expensive place to live. In January 2020, the average apartment rental price was over $2500 nearly double the national average. Los Angeles has long enjoyed worldwide recognition as a travel destination for celebrities and millionaires alike. It has a pleasant Mediterranean climate, great culture, and great food and is considered the birthplace of the Californian dream of quick riches and fame. Los Angeles is the second largest in city in America.

5. New York:
Bright lights, big city, high rent. Average rents in the Big Apple skyrocketed, with one year rents rising 3% and two year rents rising 5% or more, the sharpest gains in nearly a decade. Rent first peaked at $4000 in May 2022 and peaked at $5000 for the first time in June 2022. One of the most recognizable cities in the world, New York enjoys international recognition as a place where everyone can “make it.” This densely populated city on the east coast of the United States is one of the most visited places in the world and is considered the founding place of America. It is also one of only two cities with Alpha++ status, demonstrating its tremendous impact on the global economy.

6. Geneva:
Geneva is famous for the Jet d’Eau, the tallest fountain in the world, Geneva is a city of so many beautiful cafes and shopping days. But all this luxury comes at a high price. For an individual alone, the average monthly expenses for rent, food, and transportation are about $3500.

7. London:
London is the largest city in Europe and has been at the top of city lists before. It is this financial strength that makes it one of only two cities in the world to receive Alpha++ status. Culturally diverse but distinctly British, intensely modern but steeped in history, London is one of the world’s greatest and finest cities, but also one of the most expensive.

8. San Francisco:
It’s no wonder there were nine people living in the Tanner household at once on Full House in the ’90s. Rents are always high on the West Coast, but San Francisco home prices are up 10% year-over-year in 2022, bringing the average price to about $1.5 million. Tenants even had to earn around $100000 a year to live comfortably in the ‘City of Gold.’

9. Paris:
This city of love offers architecture, food and fashion like no other, so it’s no surprise that living in the French capital, Paris, can be quite expensive. The demand for residential and commercial space and the lack of choice on either side make buying real estate an expensive challenge. Paris is considered one of the most romantic cities in the world. Maybe it’s because of the fluent language of the people, the beautiful atmosphere and architecture or the rich culture and history. Nevertheless, Paris is one of the most visited cities in the world and also one of the most expensive.

10. Sydney:
This Australian city is 10th most expensive place to live in the world. Factors contributing to the rising cost of living in Sydney include very high rents, weekly rents for 1BHK apartments range from $500 to $600 and 2BHK apartments start from around $700 dollars a week. High demand and low supply in the real estate market make it difficult for middle class to find affordable homes in Sydney.

Thanks for Reading
This Article is based on the research data collected from different sources.
Editor: Ravikant Upadhyay

Writer & Editor: Ravikant Upadhyay (+91.8085883358)
(Entrepreneur, Programmer, Trader, Investor, Writer, Reporter, Thinker, Mentor, Astrophile)

Billionaires Business Finance & Banking International Property & Real Estate Top Ten List
Keywords: Expensive, Luxury, Most Expensive Cities, Property, Real estate, World,

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