Special Report

This City Has the Most Expensive Homes in the World

RAUL RODRIGUEZ / iStock / Getty Images Plus

Real estate firm Savills has posted an analysis of home prices in some of the world’s largest cities by square meter. This allows for an accurate comparison regardless of home size. One square meter equals 10.8 square feet.

Monaco had the highest price at $57,120 per square meter. Hong Kong ranked next at $47,520, and New York City followed at $26,640. The next U.S. city on the list was San Francisco, which ranked 13th at $16,440.

Savills expects Monaco to keep its lead: “International interest in Monaco was sustained throughout 2020 and Savills expects to see a surge of demand for both sales and rentals once travel restrictions are lifted.”

Monaco has two distinct reasons that drive its high real estate prices. The first is average income. Monaco’s is the highest in the world at $186,080, followed by Bermuda at $117,730. The United States ranks ninth at $65,850, per World Data.

Monaco also has very little land on which to build residential real estate. It ranks in size second from the bottom among 194 nations at 0.78 square miles, just above Vatican City where the number is 0.19 square miles. Monaco is also the most densely populated nation in the world, which leaves almost no place for residential real estate expansion.

Though Monaco’s real estate value is far and away the highest of any city, there are 31 places in the world with real estate values of at least $3,000 per square meter.

To determine the cities with the most expensive homes in the world, 24/7 Wall St. reviewed the Savills list of cities with the highest prime capital values and prime monthly rents per square meter. The cities on this list are ranked based on estimated prime capital value per square meter. All figures are converted from euros to U.S. dollars. 

Click here to see the city with the most expensive homes in the world.

zorazhuang / E+ via Getty Images

31. Kuala Lumpur, Malaysia
> Prime capital value: $3,000 per square meter
> Prime monthly rent: $7.20 per square meter

[in-text-ad]

Ben1183 / iStock via Getty Images

30. Cape Town, South Africa
> Prime capital value: $3,000 per square meter
> Prime monthly rent: $9.60 per square meter

Stefan Tomic / E+ via Getty Images

29. Dubai, United Arab Emirates
> Prime capital value: $5,880 per square meter
> Prime monthly rent: $19.20 per square meter

Gatsi / Getty Images

28. Barcelona, Spain
> Prime capital value: $7,680 per square meter
> Prime monthly rent: $20.40 per square meter

[in-text-ad-2]

SeanPavonePhoto / Getty Images

27. Madrid, Spain
> Prime capital value: $8,280 per square meter
> Prime monthly rent: $18.00 per square meter

tawanlubfah / iStock via Getty Images

26. Bangkok, Thailand
> Prime capital value: $9,360 per square meter
> Prime monthly rent: $31.20 per square meter

[in-text-ad]

SeanPavonePhoto / Getty Images

25. Lisbon, Portugal
> Prime capital value: $10,080 per square meter
> Prime monthly rent: $n/a per square meter

ULora / Getty Images

24. Miami, United States
> Prime capital value: $10,320 per square meter
> Prime monthly rent: $27.60 per square meter

AndreyKrav / Getty Images

23. Amsterdam, The Netherlands
> Prime capital value: $11,160 per square meter
> Prime monthly rent: $33.60 per square meter

[in-text-ad-2]

gaoshanshan / iStock via Getty Images

22. Hangzhou, China
> Prime capital value: $11,880 per square meter
> Prime monthly rent: $13.20 per square meter

Sanjog Mhatre / iStock via Getty Images

21. Mumbai, India
> Prime capital value: $12,120 per square meter
> Prime monthly rent: $24.00 per square meter

[in-text-ad]

20. Berlin, Germany
> Prime capital value: $12,240 per square meter
> Prime monthly rent: $26.40 per square meter

19. Moscow, Russia
> Prime capital value: $12,720 per square meter
> Prime monthly rent: $43.20 per square meter

18. Guangzhou, China
> Prime capital value: $13,320 per square meter
> Prime monthly rent: $13.20 per square meter

[in-text-ad-2]

choness / Getty Images

17. Los Angeles, United States
> Prime capital value: $14,160 per square meter
> Prime monthly rent: $48.00 per square meter

16. Rome, Italy
> Prime capital value: $15,480 per square meter
> Prime monthly rent: $32.40 per square meter

[in-text-ad]

Xantana / Getty Images

15. Milan, Italy
> Prime capital value: $16,200 per square meter
> Prime monthly rent: $28.80 per square meter

Jui-Chi Chan / Getty Images

14. Singapore
> Prime capital value: $16,320 per square meter
> Prime monthly rent: $30.00 per square meter

ibsky / Getty Images

13. San Francisco, United States
> Prime capital value: $16,440 per square meter
> Prime monthly rent: $32.40 per square meter

[in-text-ad-2]

ispyfriend / E+ via Getty Images

12. Beijing, China
> Prime capital value: $16,680 per square meter
> Prime monthly rent: $21.60 per square meter

bingfengwu / iStock via Getty Images

11. Shenzhen, China
> Prime capital value: $17,400 per square meter
> Prime monthly rent: $22.80 per square meter

[in-text-ad]

CJNattanai / Getty Images

10. Seoul, South Korea
> Prime capital value: $18,720 per square meter
> Prime monthly rent: $38.40 per square meter

Sean3810 / Getty Images

9. Paris, France
> Prime capital value: $18,720 per square meter
> Prime monthly rent: $44.40 per square meter

structuresxx / Getty Images

8. Sydney, Australia
> Prime capital value: $19,080 per square meter
> Prime monthly rent: $24.00 per square meter

[in-text-ad-2]

sborisov / Getty Images

7. London, United Kingdom
> Prime capital value: $20,400 per square meter
> Prime monthly rent: $40.80 per square meter

XIUYUAN YAO / iStock via Getty Images

6. Shanghai, China
> Prime capital value: $20,880 per square meter
> Prime monthly rent: $60.00 per square meter

[in-text-ad]

sam74100 / iStock via Getty Images

5. Geneva, Switzerland
> Prime capital value: $22,920 per square meter
> Prime monthly rent: $n/a per square meter

yongyuan / Getty Images

4. Tokyo, Japan
> Prime capital value: $24,480 per square meter
> Prime monthly rent: $60.00 per square meter

FilippoBacci / Getty Images

3. New York, United States
> Prime capital value: $26,640 per square meter
> Prime monthly rent: $79.20 per square meter

[in-text-ad-2]

pat138241 / Getty Images

2. Hong Kong, Special Administrative Region of China
> Prime capital value: $47,520 per square meter
> Prime monthly rent: $72.00 per square meter

Damiano_Mariotti / iStock via Getty Images

1. Monaco
> Prime capital value: $57,120 per square meter
> Prime monthly rent: $106.80 per square meter

Cash Back Credit Cards Have Never Been This Good

Credit card companies are at war, handing out free rewards and benefits to win the best customers. A good cash back card can be worth thousands of dollars a year in free money, not to mention other perks like travel, insurance, and access to fancy lounges. See our top picks for the best credit cards today. You won’t want to miss some of these offers.

Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.