10 Most Expensive Places to Buy Property

London: $1 million buys 25 square meters of luxury property here on average

The capital city of United Kingdom, London boasts of infrastructure, growing economy and ultra luxury properties. Besides its fastest growing nature, London is one favorite hotspot for luxury property buyers. After the formation of new government, the interest rates on property have little relaxation, which attracts potential buyers to buy property. The growing demand of luxury real estate and relaxed taxation laws makes London one of the most expensive cities to buy property. The most sought after locations in London are One Hyde Park and Kensington Palace Gardens. The space of 25 square meters in Hong Kong will cost you 1$ U.S million.

Singapore: $1 million buys 33 square meters of luxury property here on average

One of the world’s leading commercial hubs, Singapore is an expensive place to buy property. With the fourth biggest financial centre and constitute of one of the five busiest ports, the city’s economy is highly depends upon trade, especially in manufacturing sector.

Singapore is known for its high rate of taxes, mainly on rental incomes. In addition, foreign nationals have to pay an extra 10 percent along with the existing tax structure. If you want to own a property, you have to vent out 1 million U.S. dollars to buy 33 square meters of space.

Geneva: $1 million buys 35 square meters of luxury property here on average

Known as one of the best places that attract tourist from all over the world, Geneva in Switzerland, is growing in all financial terms. Everyone is familiar about the beauty that Geneva offers, making it one of the most sought after places among the richest to buy property. Being of the costliest destination to buy property, Geneva has interesting features that boost its real estate market is the low interest rates and 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. The space of 35 square meters in Hong Kong will cost you 1$ U.S million.

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