NYC Luxury Market Third Most Expensive

A recent report on luxury real estate by Knight Frank and Citi Private Bank shows New York's most attractive apartments cost considerably less than comparable properties in London and Monaco.

According to the report, the top positions, based on the average cost of one square meter (= 10.76 sq ft) of luxury apartments in the best neighborhoods were occupied by:

1. London, UK: 36,800 euro /sq m (or $4,633 /sq ft)
2. Monaco, France: 35,000 euro /sq m (or $4,406 /sq ft)
3. New York, USA: 25,600 euro /sq m (or $3,223 /sq ft)
4. Hong Kong, China: 19,700 euro /sq m (or $2,480 /sq ft)
5. Tokyo, Japan: 17,600 euro /sq m (or $2,216 /sq ft)
6. Cannes, France: 15,000 euro /sq m (or $1,888 /sq ft)
7. Saint Tropez, France: 14,900 euro /sq m (or $1,876 /sq ft)
8. Sidney, Australia: 13,100 euro /sq m (or $1,649 /sq ft)
9. Paris, France: 12,600 euro /sq m(or $1,586 /sq ft)
10. Rome, Italy: 12,500 euro /sq m (or $1,574 /sq ft)
11. Moscow, Russia: 12,300 euro /sq m (or $1,548 /sq ft)

Sources and Links

1. A Londres, le mètre carré atteint des sommets (Le Figaro)