10 Most Expensive Cities to Buy Property

Bangalore: Property prices are touching sky across the globe. Although the initial investment on property could be huge, but it's all worth it, as the return on investment is equally good. Over the years, with the increase in the number of potential buyers the real estate market is witnessing healthy property investments, especially in luxury properties sector.

Below are the most expensive cities to buy property like Hong Kong, Mumbai, Monaco etc, according to World Most Expensive.

1) Monte Carlo, Monaco

Average Price: $ 53,226 per square meter.

Monaco is one of the most magnificent locations in all of Europe. Besides its beauty, Monaco is one of the most costly cities to buy property; the luxury real estate market is one active market in Monaco where the average price bracket is about $53,226 per square meter. Interestingly, one of the beneficial features of Monaco is its tax-free environment, where people of any nationality do not have to pay taxes, neither on personal income nor on rental income, except for French nationals. Only French nationality people have to pay taxes that too, to the French government. Most sought after location to buy property in Monaco are Monte Carlo and Carre D’Or’’.