NYC Luxury Market Third Most Expensive
Posted: | 09/May/2007 21:25:00 |
Author: | Gromco |
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:
- London, UK: 36,800 euro /sq m (or $4,633 /sq ft)
- Monaco, France: 35,000 euro /sq m (or $4,406 /sq ft)
- New York, USA: 25,600 euro /sq m (or $3,223 /sq ft)
- Hong Kong, China: 19,700 euro /sq m (or $2,480 /sq ft)
- Tokyo, Japan: 17,600 euro /sq m (or $2,216 /sq ft)
- Cannes, France: 15,000 euro /sq m (or $1,888 /sq ft)
- Saint Tropez, France: 14,900 euro /sq m (or $1,876 /sq ft)
- Sidney, Australia: 13,100 euro /sq m (or $1,649 /sq ft)
- Paris, France: 12,600 euro /sq m(or $1,586 /sq ft)
- Rome, Italy: 12,500 euro /sq m (or $1,574 /sq ft)
- Moscow, Russia: 12,300 euro /sq m (or $1,548 /sq ft)
Sources and Links
- A Londres, le mètre carré atteint des sommets
(Le Figaro)
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