Find out where are the world’s most expensive luxury properties ..?

In the rich man’s world of diversified asset portfolios and international investment opportunities, luxury property in the right market equals hot property. But where do speculating millionaires and billionaires get the most bang for their buck? Is it in the suave sophistication of New York City, the ornate splendor of London’s townhouses or the ultramodern apartments of central Shanghai? We’ve compiled the following list using data gleaned from the Knight Frank Wealth Report 2013 to show the most valuable locations for luxury properties. Source: CNN

The picturesque principality on the Mediterranean isn't known as the playground for the rich and famous for nothing. $1 million buys just 16 square meters of luxury property on average in Monaco. That's more expensive than anywhere else on earth according to Knight Frank. To put these measurements in perspective, 16 square meters equals roughly one sixteenth the area of a tennis court.
The picturesque principality on the Mediterranean isn’t known as the playground for the rich and famous for nothing. $1 million buys just 16 square meters of luxury property on average in Monaco. That’s more expensive than anywhere else on earth according to Knight Frank. To put these measurements in perspective, 16 square meters equals roughly one sixteenth the area of a tennis court.

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A bustling Asian metropolis where space is tight, Hong Kong closely follows Monaco in the house price stakes. $1 million buys 19 square meters of luxury property here on average, making the special administrative region of China the most pricey city in Asia.
A bustling Asian metropolis where space is tight, Hong Kong closely follows Monaco in the house price stakes. $1 million buys 19 square meters of luxury property here on average, making the special administrative region of China the most pricey city in Asia.
London's high-profile mayor, Boris Johnson, has done his best to encourage the world's super-rich to take up residence in London. Money has poured into the British capital in recent years with one square meter of luxury property now costing between $41,900 and $46,300 on average. That equates to 23 square meters for every million dollars spent.
London’s high-profile mayor, Boris Johnson, has done his best to encourage the world’s super-rich to take up residence in London. Money has poured into the British capital in recent years with one square meter of luxury property now costing between $41,900 and $46,300 on average. That equates to 23 square meters for every million dollars spent.

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