10 Most Expensive Cities for Real Estate

Can you name the 10 most expensive cities for real estate? We couldn't either. We were intrigued by this list compiled by Forbes and had to share it with you.

10 MOST EXPENSIVE CITIES FOR LUXURY REAL ESTATE

10. Sydney, Australia

Average price per square foot: 580 pounds ($880)

Average property size: 19,400 sq. ft.

9. Mumbai, India

Average price per square foot: 640 pounds (about $970)

Average property size: 6,800 sq. ft.

8. Singapore, Singapore

Average price per square foot: 1,200 pounds (about $1,820)

Average property size: 12,300 sq. ft.

7. Shanghai, China

Average price per square foot: 1,400 pounds (about $2,125)

Average property size: 5,400 sq. ft.

6. New York City, U.S.A.

Average price per square foot: 2,700 pounds (about $4,100)

Average property size: 6,500 sq. ft.

5. Moscow, Russia

Average price per square foot: 2,800 pounds ($4,250)

Average property size: 4,600 sq. ft.

4. Paris, France

Average price per square foot: 2,900 pounds (about $4,400) 

Average property size: 10,800 sq. ft.

3. London, U.K.

Average price per square foot: 3,500 pounds (about $5,300)

Average property size: 7,900 sq. ft.

2. Tokyo, Japan

Average price per square foot: 5,000 pounds (about $7,600)

Average property size: 16,000 sq. ft.

1. Hong Kong, China

Average price per square foot: 7,200 pounds (about $11,000)

 

Average property size: 5,200 sq. ft.

[SOURCE]

It definitely makes you appreciate local real estate costs, no?

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