Top 10 Most Costliest & Expensive Real Estate Markets of the World of Recent Times

Property prices always seem to be skyrocketing no matter what time or place or situation for most of people across the world. Still, real estate deals involving millions & billions of dollars happen every other day in one or other part of the world in individual/ group/ commercial capacity.

Money Symbols Individuals, people, companies, organizations, banking institutions et al. have been compiling reports year after year as where the real estate markets are heading, and which among all cities or places in the world are the most costliest real estate markets in terms of transaction of highest price per unit area of floor space.

The upheavals of financial turmoils also play an important role. The not-too-old recessionary winds emanating from the United States of America, which engulfed entire rest of the world wholly or partially / sooner or later, has also left its impact on the prime real estate markets.

World's top 10 most expensive real estate markets during two recent contrasting periods, viz.,
  • 2008-2009 (i.e., just before the 2008-09 subprime bubble & global recessionary sentiments dawned) and
  • 2011-2012 (i.e., post the ill effects of subprime crises and based on deals post Q4 of 2011)
are compiled hereunder:

Rank
During 2008-09
(during subprime crises)
During 2011-12
(post subprime crisis)
1 Monte Carlo, Monaco - US$ 6,550 per sq ft Monte Carlo, Monaco - US$ 5,830 per sq ft
2 London, UK - US$ 3,670 per sq ft Cap Ferrat, France - US$ 5,180 per sq ft
3 New York, USA - US$ 2,160 per sq ft London, UK - US$ 4,890 per sq ft
4 Moscow, Russia - US$ 2,120 per sq ft Courchevel, France - US$ 4,400 per sq ft
5 Paris, France - US$ 2,100 per sq ft St.Moritz, Switzerland- US$ 4,260 per sq ft
6 Tokyo, Japan - US$ 2,080 per sq ft Gstaad, Switzerland - US$ 3,990 per sq ft
7 Hong Kong, China - US$ 2,060 per sq ft St. Tropez, France - US$ 3,880 per sq ft
8 Rome, Italy - US$ 1,770 per sq ft Geneva, Switzerland - US$ 3,190 per sq ft
9 Singapore - US$ 1,550 per sq ft Hong Kong, China - US$ 2,830 per sq ft
10 Sydney, Australia - US$ 1,440 per sq ft Paris, France - US$ 2,100 per sq ft

The above information has primarily been sourced and compiled from CNBC's surveyed & published data of March 2009 and Knight Frank's 'The Wealth Report 2012'.


The criteria usually adopted by such surveys, studies and reports is to evaluate the deals happening in the arena of 'Prime Properties', which are typically defined as 'most desired and sought after real estate deals valuing more than US$ 1 million plus and drawing highest per unit floor area prices.

So, tell us, did you get floored by these facts and figures? Share a few photographs/ images of any such property which in your opinion or knowledge drew such exorbitant prices. We'll be happy to share your inputs. Should you feel the data compiled differ than what you read elsewhere or compared to what you believe, then let us know either since this is a compilation of our own based on our own interest and perusal.
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