Despite recent record-breaking deals and contrary to what many New Yorkers probably think, New York City's luxury real estate is not the most expensive on the planet. It does, however, come in third place (after London and Monaco)...
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:
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