Mumbai among World's 20 Most Expensive Cities for Luxury Rentals

2) Hong Kong

Worldwide rank: 1

Hong Kong tops the list for most expensive cities for luxury rentals, according to the latest data from ECA International. The flourishing economic market of Hong Kong makes it one of the most sought after city in the world. Besides its strong economy, Hong Kong is an expensive location for luxury real estate. Hong Kong’s real estate market has emerged to be a hot cake and all wealthy investors want to have a piece of it. The rental amount for an average luxury 3-bedroom apartment in Hong Kong costs $ 11,549 which is around 6,20,181 per month.

3) Caracas, Venezuela

Worldwide rank: 2

Caracas is the capital and largest city of Venezuela. This city holds second place on the list of most expensive luxury rentals. An average 3-bedroom apartment in Caracas costs $9090 which is around 4,88,133 per month.

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