If you want to live big, you have to spend big. Monaco is currently the most costly residential location in the world, closely followed by Cap Ferrat in France and London in the UK.
The following are the top 10 most expensive real estate markets in the world.
No.10 Hong Kong, China (apartments) （中国香港公寓）
Average housing price: US$2,625/square foot
A forest of residential skyscrapers in China's Hong Kong stands proud and tall on April 13, 2011.[sina.com.cn]
According to a survey by the U.S.-based consulting firm Demographia International, Hong Kong property, available at 11.4 times the gross median annual household income, is the most unaffordable in the world. Nearly half the population lives in government or subsidized housing. For many residents, the prospect of buying their own home is out of reach.
NO.9 Geneva, Switzerland（瑞士日内瓦）
Average housing price: US$2,959/square foot
A residential area in Geneva, Switzerland, on Nov. 20, 2009. [icpress.cn]
Geneva's present supply-demand ratio of housing stands around 1:5. It is not a large city in Switzerland, and the city center does not allow for any construction over 8 stories high. The increasing population also contributes to the surge in housing prices.
The picturesque view of St Tropez, France, on Jan. 24, 2008. [icpress.cn]
St Tropez, a luxurious French town, is located on the French Riviera. Its favorable Mediterranean weather, picturesque views and romantic atmosphere have made it an ideal place for the global jet set to spend their summer vacation. It is a paradise for the wealthy and has been dubbed the "playground to jetsetters, models, and millionaires."
The city view of Gstaad, Switzerland, as pictured on Sep. 20, 2012. [sina.com.cn]
Gstaad is a village in the German-speaking section of the Bern Canton in southwestern Switzerland. Located in the Swiss Alps, it is known as a major ski resort and a popular destination amongst the high-class society and the international jet set.
The city view of St.Moritz, Switzerland, as photographed on July, 18, 2007. [icpress.cn]
St.Moritz is a resort in the Engadine valley of Switzerland. It has acted as host city for the 1928 and 1948 Winter Olympics, and nowadays still features excellent ski facilities. Its favorable location endows the town with over 300 days of sunshine a year. One can imagine that real estate prices on the main streets are astonishingly high.
Skiers take a cable car in Courchevel, Franc, on March, 18, 2010. [icpress.cn]
Courchevel is the name of the world-class ski resort located in the commune of Saint-Bon-Tarentaise in the French Alps. It is a part of Les Trois Vallées, the largest inter-linked ski area in the world. Courchevel 1850, named after its altitude in meters, is the highest and most famous part of the resort and favored by many of the wealthy people.
The Beverly Hills is an upscale and privately gated community in Hong Kong, China, June 3, 1012. [icpress.cn]
China's Hong Kong for long has been famous for its skyscraping prices of residential housing. For many local residents, the prospect of buying an apartment is out of reach, let alone the purchase of a deluxe mansion. The Beverly Hills is an upscale, privately gated community in Tai Po, New Territories, situated along the coastline with a panoramic view of Tolo Harbour. It comprises of 535 terraced, detached and semi-detached multi-storey townhouses with luxurious public facilities. Some units feature outdoor gardens and private swimming pools.
One Hyde Park, the UK's most expensive residential complex in London, here pictured on Jan. 18, 2011. [icpress.cn]
One Hyde Park is a major residential and retail complex located in London, UK. It is located in the Knightsbridge area of central London, adjacent to Hyde Park and the Mandarin Oriental Hyde Park. The area, which came into being and rose up to prosperity in the mid-17th century, has long been regarded as London's fashion landmark. One Hyde Park is reportedly the country's most expensive residential complex, with its 86 residential properties marketed with prices starting from £20 million (US$32.05 million).
A villa in Cap Ferrat, France, pictured here on May 27, 2008. [icpress.cn]
Cap Ferrat is a seaside village in southeastern France, on a peninsula jutting into the blue Mediterranean between Nice and Monaco. Its beautiful scenery has attracted a great many millionaires and celebrities to buy vacation resorts here. The place is now graced with a number of magnificent villas.