Apr 062016

most expensive housing markets

Three Chinese cities, Hong Kong, Shanghai and Beijing, rank among the world’s top 10 most expensive places to buy a prime home, according to the 2016 Wealth Report released by independent global property consultancy Knight Frank.

Monaco tops the list for the ninth consecutive year, with $1 million for only 17 square meters, said the latest report.

Hong Kong comes in at second, with $1 million to buy 20 square meters. In Shanghai and Beijing, 46 square meters and 58 square meters are all you can get for that same amount.

Here is a list of the top 10 most expensive housing markets in the world.

10. Beijing
9. Paris
8. Shanghai
7. Singapore
6. Sydney
5. Geneva
4. New York
3. London
2. Hong Kong
1. Monaco

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