11 Most Expensive Cities to Buy a Home - Page 2

11 Most Expensive Cities to Buy a Home

By siliconindia   |   Wednesday, March 20, 2013   |    1 Comments

2) Monaco

Ranked- 1

Monaco is one of the most magnificent locations in all of Europe. Besides its beauty, Monaco is the costliest city to buy property; the luxury real estate market is one active market in Monaco where the average price bracket is about $5350-5920 per square feet. 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. Most sought after location to buy property in Monaco are Monte Carlo and Carre D’Or’’.

3) Hong Kong, 2nd

The flourishing economic market makes Hong Kong one of the most sought after city in Asia. Hong Kong stood at 2nd position on the list of most expensive cities to buy a residential space. Besides its strong economy, Hong Kong is an expensive location for luxury real estate. It is offering an average price of $4570-5050 per square feet to buy a residential space. With the low interest rates and flourishing economy, Hong Kong is one of the favorable cities to buy property. Interestingly Hong Kong doesn’t impose taxes on income or sources coming from overseas.

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