10 Most Expensive Places to Buy Property

BANGALORE: A house with a well-planned structure, awesome interiors, splendid surrounding and a Country to live comfortably in, is a dream lived by many. With such awesome features, comes along the expensive price tag. 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. Let’s have a look at these places complied by Knight Frank in their Wealth Report 2014.

Monaco: $1 million buys just 15 square meters of luxury property on average in Monaco

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.

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. In Monaco U.S. $1 million will fetch you space of 15 square meters.

Hong Kong: $1 million buys 21 square meters of luxury property here on average

Beside its strong economy and beautiful landscape, Hong Kong is an expensive destination for real estate, making it one of the most sought after city in Asia. The properties are like hot cakes in Hong Kong that decorate the plates of wealthy individuals. With the low interest rates and flourishing economy, Hong Kong is one of the favorable cities to buy property. Interestingly Hong Kong does not impose taxes on income or sources coming from overseas. In addition, Hong Kong is becoming a favorable hub for business and tourism in Asia. The space of 21 square meters in Hong Kong will cost you 1$ U.S million.

Read More: Looking for a new house? 6 Things to Know Before Buying One

IndiaHomes Genie: The most interactive property search for home buyers in India