11 Most Expensive Cities to Buy a Home

7) Singapore, 6th

One of the most preferred tourist destinations, Singapore, is also an expensive city to buy property. The city is offering an average price of $2340-2580 per square feet for luxury property. Moreover, Singapore is known for its high rate of taxes, mainly on rental incomes. And, foreign nationals have to pay an extra 10 percent along with the existing tax structure.

8) Moscow, 7th

The capital city of Russia, Moscow, is a costly city to buy property, with an average price of $2040-2260 per square feet.  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.