Over the
last few years, many studies have been done in order to know the different
prices per square meter in different cities around the World. This was done so
as to make comparisons, and help investor to plan and organize any future
investments. As a guide, we will here mention some of the main cities and
countries in the world, together with an estimative price per square meter.
According
to “The Wealth Report”, done by the Citi Private Bank and the real estate
consultant "Knight Frank", the most expensive place to live in is Monaco London
and Hong Kong .
On the
other hand, according to the website globalpropertyguide.com the list of the
most expensive countries is the following: 1- Hong Kong: US$ 17,875.45; 3- Japan:
US$ 14,079.41; 4- Switzerland: US$ 8,328.99; 10- France: US$ 6,143.81; 11- Italy:
US$ 5,721.67; 17- United Kingdom: US$ 4,829.08; 18- Spain: US$ 4,541.68; 31- Germany:
US$ 3,208.01; 35- Brazil: US$ 2,822.62; 51- Argentina: US$ 2,082.35; 55- United
States: US$ 1,882.82; 59- Chile: US$ 1,686.00.
The list is
vast and long, and it includes many other countries. It should be borne in mind
that these prices are an average, and they are an estimate of how much would a
square meter cost in the downtown areas of the main cities. Nonetheless, you
will find much higher prices (and a bit lower too).
Of course,
that all those that are planning to buy a property in some city of the world,
should do some research about each place, and see where it is best to do it,
according to its needs and likes.
