Real estate is an industry that has seen its highs and lows. The thing about real estate is that most of the people do not give much of an importance to it. We put some effort only when we buy a piece of land or house in a particular area. There are a lot of parameters that come into play while a normal middle-class man is buying land or a house. There are also real estate firms like Summerlin real estate that provides the best service in the real estate sector. The information on Summerlin real estate can be googled.
There is this other side of the real estate sector which is very much confined to the richest of the richest. It is the kind of real estate which more than ninety-five percentage of the world cannot even dream about. The money associated with these real estates are definitely way beyond the levels of imagination. Here are some of the most expensive real estate in the world.
The name Monaco in this list is definitely surprising. The average price per square in Monaco is as high as sixty thousand dollars. It is absolutely a jaw-dropping amount. This without second thoughts would make Monaco the most expensive real estate in the world. It is very much obvious that some of the richest people in the world have their homes and second homes in Monaco.
London, United Kingdom
London is often rated as one of the most desired places to live. It is not just the most desired but also one of the most expensive places to live. The average price per square meter of land in London is nearly thirty-five thousand dollars. The one interesting fact about the real estate in London is that most of the properties and apartments are empty. It is because the people who buy houses in London do not use it for residential purposes.
Hong Kong Island
The real estate promoters are the main reason why Hong Kong has very high priced real estate. The tax-friendly economy and the high demand are also some reasons. The average price of a property in Hong Kong Island is almost thirty thousand dollars. The rent of a hundred and twenty square meter apartment is almost seven thousand dollars.
New York, United States
For most of the New Yorkers to have their apartment or a house is a far-fetched dream. The city which is known to vibrant has very high employment opportunities. The average price of a square meter land in New York is almost seventeen thousand dollars. New York is as similar as London. Many people buy properties here and do not use them regularly.
The capital of Japan is not just known for the tech that it offers, but also for its pricy real estates. The boost in the real estate is mainly because of the high demand. Most of the people in Japan want to live in the country’s capital. Some also suggest the underworld also has a part to play in the hike in the prices.