Monaco has world’s most expensive homes

Luxury homes in the principality of Monaco have overtaken those in Hong Kong to become the most expensive in the world


Prime property values in principality have surged 180% in 10 years to $45,100 per square metre

In 2016, average sale price of existing home in Monaco reached $4,686,600

1m2


PRICE PER SQUARE METRE ($ thousands)

0 10 20 30 40 50

Monaco $45,100
More than double 70% growth rate for similar London properties

Hong Kong $42,600

Tokyo $31,800

London $19,200

New York $18,200

Shanghai $16,700

Paris $13,000

Moscow $12,800

Singapore $11,100

Dubai $6,600


Sources: Mansion Global, Savills, wire agencies 

Pictures: Getty Images 

© GRAPHIC NEWS