10 Most Expensive Cities to Buy Property

6) Geneva, Switzerland

Average price: $ 15,388 per square meter

Geneva is one of the most popular cities in Switzerland. Besides its magnificent beauty, Geneva is known as one of the costly city to buy property. The city offers an average price of $ 15,388 per square meter on luxury real estate. The interesting feature of Geneva that boosts its real estate market is the low interest rates and also for the famous fact that it maintains anonymity of the property owner, mainly for rich foreign nationals who do not want to reveal their identification. The city shows healthy real estate movement in lieu of high taxes on rental incomes.

7) Moscow, Russia

The capital city of Russia, Moscow, is a costly city to buy property, with an average price of 13,910 per square meter.  Moreover, the price of buying a property in Moscow is quite high, an extra 18 percent of value added tax (VAT) is required to buy a property. Adding to it, 2 percent of brokerage fee is required on property sales of over $2 million and lesser sales are required to pay 5 percent brokerage fee. In Russia, both local and foreign nationals can buy property, as stated in county’s Land Code of 2001.