Properties / Luxury Homes

Monaco is World’s Most Expensive Home Market

Monaco remains the world’s most expensive residential location, followed by London, according to Knight Frank and Citi Private Bank. According the report’s global index of luxury home prices, $US65,600 per square metre is the average host of a house or apartment in the tiny European microstate. Monaco’s biggest deal last year was the purchase of […]

Apr 10, 2011 | By Luxuo

monaco most expensive city

Monaco remains the world’s most expensive residential location, followed by London, according to Knight Frank and Citi Private Bank.

According the report’s global index of luxury home prices, $US65,600 per square metre is the average host of a house or apartment in the tiny European microstate.

Monaco’s biggest deal last year was the purchase of La Belle Epoque, a 17,500-square-foot (1,600-square-meter) penthouse, for 240 million euros ($340 million) from Christian and Nick Candy in September

However several locations saw significant falls in prime property prices, notably Dublin and Dubai with falls of 25% and 10% respectively.

Source: Propgoluxury Via Bloomberg

La Belle Epoque penthouse


 
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