The Most Expensive Real Estate Markets in the World

The Most Expensive Real Estate Markets in the World The number of people considered to be 'High Net Worth' (those with assets of more than $30 million) is predicted to increase by 95,000 over the next ten years. With this in mind, it is expected that a growing number of people will be dipping into the luxury real estate market. So what countries hold the most expensive real estate in the world? 1. Hong Kong, China How prices have changed over time in Hong Kong Average price per square 240 - 220 $11,000 200 Average property size: 180 160 5,200 sq. ft. 140 Fact: 120 100 Low mortgage rates, tight housing supply 80 and an influx of mainland Chinese 60 have caused prices to more than double in some neighbourhoods in Hong Kong since 2008. 40 13 97 99 01 03 05 07 09 11 'Private Domestic Price Index, All Classes (1999=D100) 2. Tokyo, Japan How prices have changed over time in Tokyo Average price per square 45 $7,600 40 Average property size: 16,000 sq. ft. Fact: 35 Minato Ward, an area home to several important commercial and entertainment districts such as Akaska and Roppongi, is one of the most prestigious residential addresses in Tokyo. 05 06 07 08 09 10 11 12 30 13 Average Price of Existing Condominium Sales in Tokyo Metropolitan Area 3. London, U.K. How prices have changed over time in the U.K. Average price per square 200000 $5,300 Average property size: 150000 7,900 sq. ft. Fact: 100000 A survey last year found three of the world's top 10 most expensive homes on the market were in London. At the top of the list was the six-storey Grade 1 listed Regency mansion in Carlton House Terrace, which went on the market for £250m. 50000 95 97 03 05 07 09 11 13 1O 66 "Average House Price (in British Pounds) 4. Paris, France ow prices have changed time in 125 Average price per square $4,400 100 Average property size: 10,800 sq. ft. Fact: 75 Avenue Montaigne is regarded as the sophisticated grand-dame of Parisian property and attracts many Middle Eastern buyers. 01 03 05 07 09 11 13 "Average Price of all Existing Dwellings (Euro per sq. m.) 5. Moscow, Russia How prices have changed over time in Russia Average price per square 115 $4,250 110 Average property size: 105 4,600 sq. ft. Fact: 100 95 Ostozhenka is Moscow's most expensive street in terms of real estate. Price per square meter is $29,000. It's dotted with Art Nouveau buildings and famous landmarks including The Kremlin and the Pushkin Museum. 01 03 05 07 09 11 13 Price Index of All Apartments in Secondary Market (Q1 2001=100) 6. New York City, U.S. How prices have changed over time in the U.S. Average price per square 250 $4,100 225 Average property size: 200 6,500 sq. ft. 175 Fact: 125 One of the most expensive houses currently on the market is a 40 foot wide mansion on the Upper East Side costing $114,077,000. 100 95 97 99 01 03 05 07 09 11 13 'Purchase-only House Price Index, Seasonally Adjusted (Q1 1991=100) 7. Shanghai, China How prices have changed over time in Shanghai Average price per square I Nonimal Real 50 $2,125 40 Average property size: 30 5,400 sq. ft. Fact: 10 A 1.2 million-square-foot site near Shanghai South Railway station was sold for a whopping 5.4 billion yuan ($864 million) in 2012. -10 05 06 07 08 09 10 11 12 13 'Percentage change over a year earlier 8. Singapore How prices have changed over time in Singapore I Nominal - Real Average price per square 120 100 $1,820 80 Average property size: 60 12,300 sq. ft. 40 20 Fact: The Singapore housing market spiked 60 percent from 2009 to 2013, making it the most expensive place to buy in Asia. -20 40 01 03 05 07 09 11 13 'Percentage change over a year earlier 9. Mumbai, India How prices have changed over time in India Average price per square I Nonimal Real 40 $970 Average property size: 30 6,800 sq. ft. 20 Fact: 10 The average Indian would need to work for three centuries to pay for a luxury home in Mumbai, making it the least affordable city in the world for locals. -10 10 11 12 13 "Percentage change over a year earlier 10. Sydney, Australia How prices have changed over time in Australia Average price per square 160 $880 140 Average property size: 120 19,400 sq. ft. 100 Fact: Prices in Sydney jumped 15.1 per cent last year, pushing the median house price to AUS$763,169. 80 03 05 07 09 11 60 13 "House price change (8 capital cities - % change over a year earlier) Figures approximate as per 2013. All graphs courtesy of Global Property References: http://www.globalpropertyguide.com/real-estate-house-prices http://nypost.com/2014/04/08/the-20-hottest-real-estate-spots-in-the-world/ http://www.zillow.com/homedetails/12-E-69th-St-New-York-NY-10021/31533674_zpid/ http://www.therichest.com/luxury/most-expensive/10-most-expensive-housing-markets-in-the-world/ http://www.therichest.com/luxury/most-expensive/10-most-expensive-housing-markets-in-the-world/ http://www.forbes.com/sites/morganbrennan/2013/03/22/the-worlds-most-expensive-cities-for-luxury-real-estate/ http://www.bloomberg.com/news/2012-12-13/shanghai-sells-most-expensive-land-this-year-as-market-recovers.html http://www.bloomberg.com/news/2012-04-10/mumbai-is-world-s-least-affordable-home-market-chart-of-the-day.html http://www.telegraph.co.uk/property/internationalproperty/9341738/Top-10-global-investment-property-hot-spots.html?frame-2252829 http://www.forbes.com/sites/carlapassino/2013/11/12/the-most-expensive-streets-in-paris-see-strong-demand-in-tiered-luxury-real-estate-market/ JACKSON ROWE WE KNOW REAL ESTATE www.jacksonrowe.com.au 20