Munacco
Below are the results of statistics that reveal the most expensive real estate markets among the world's cities today, in terms of the value of a square meter that can be purchased for a million dollars, according to the Knight Frank report for 2024.
First place: the city of Monaco - Officially the Principality of Monaco, a sovereign city-state and micro-state on the French Riviera. Few kilometers west of the Italian region of Liguria, in Western Europe. Located on the coast of the Mediterranean Sea and distinguished by its picturesque location.
Munacco topped the list of these luxury markets, as a buyer can purchase only 16 square meters of luxury real estate for a million dollars.
Hong Kong
Second place: Hong Kong - it is a special administrative region in the People's Republic of China. With 7.4 million inhabitants of different nationalities in an area of 1,104 square kilometers.
In Hong Kong, the area of luxury real estate that can be purchased for a million dollars is 22 square meters.
Singapore
Third place: Singapore - Officially the Republic of Singapore, is an island nation and a city-state in maritime Southeast Asia. The territory of the country includes one main island plus 63 islands. Its area is 735.6 square kilometers. A population of 6 million.
In Singapore, the area of luxury properties that can be purchased for a million dollars is 32 square meters.
The other cities were as follows:
- Fourth place: London (Great Britain), where the area of luxury properties that can be purchased for a million dollars is 33 square meters.
- Fifth place: Geneva (Switzerland), which has an area of 34 square meters of luxury properties that can be purchased for a million dollars.
- Sixth place: New York (United States), which has an area of luxury properties that can be purchased for a million dollars, 34 square meters, equal to Geneva.
- Seventh place: Los Angeles (United States), where the area of luxury properties that can be purchased for a million dollars is 38 square meters.
- Eighth place: Paris (France), where the area of luxury real estate that can be purchased for a million dollars is 40 square meters.
- Ninth place: Shanghai (China), which has an area of 42 square meters of luxury real estate that can be purchased for a million dollars.
- Tenth place: Sydney (Australia), where the area of luxury properties that can be purchased for a million dollars is 43 square meters.
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