8 most expensive countries to buy a house
You may have taken a trip to a beautiful secluded island and dreamed of owning a home there, but vacation trip versus living in another country are two very different things. Are you planning to buy a house in another country?
Discover the most dear countries to buy a house.
Many are starting to see Sydney and surrounding areas of Australia as the perfect place to enjoy the good weather, cultural amenities and work opportunities. Prices per square meter are $ 7,250, a hefty sum for those of us with only one residence, but a bargain for the ultra-wealthy celebrities. Australia has urban containment policies that prevent cities from expanding but encourage developers to create density within the city and large spaces outside of the city center.
Tokyo is the capital of Japan and is home to many ultra-rich. With limited land and a high cost of living, one could pay around $ 16,000 per square meter. According to some opinions, cartel, corruption and collusion have played a major role in the high real estate market, and as the main center of business and finance, it makes sense that many business leaders want a place in the in the middle of it all. Sadly, the city fell victim to earthquakes and lost most of its historical significance, but on the positive side, much of the landscape includes modern and contemporary architecture due to the constant need to rebuild.
6 United States
We would have guessed that with the number of rich and famous celebrities owning homes on the east and west coasts, real estate numbers have skyrocketed. Particularly in the city that never sleeps, a small property in New York City can cost buyers $ 17,000 per square foot. Even if purchased as a second home, you can’t beat the nightlife, top-notch tourist attractions, high employment rates, and of course, theater and TV opportunities. Many keep an apartment in the city as a second home for convenience.
In the upscale district of Hong Kong, Repulse Bay is almost entirely populated by the wealthy. In a country with the highest population density, the cost of home ownership is around $ 25,550 per square meter. The land is known for its tax-advantaged economic structure and a supreme selection of property developers, working to make the area as luxurious as possible. A 120 square meter apartment could be rented for over $ 7,000 per month.
Have you heard of the mega-rich with bank accounts in Switzerland? Many want to live near those big bank accounts, and overall the country is one of the most stable in Europe. Luxury real estate includes restored historic mansions, an attractive residence for those seeking rich amenities. The price per square meter is around $ 29,000 and the country offers everything from cultural richness to financial security.
BGuests love the peacefulness and beauty of Singapore’s landscapes and seemingly protected islands. The most expensive area is on Marina Bay, on the Gulf beaches. The world-famous Marina Bay Sands hotel is an attraction for tourists, and shoppers can generally expect to pay around $ 30,500 per square meter. However, rebounding from the country’s worst recession since independence and the recent pandemic, they are only seeing an increase in property value in 2021, according to Bloomberg Wealth. If you’re lucky, you might be able to find a few deals in this country as they move up to the top. Still, an average apartment can cost you $ 3,500 per month.
THEondon, England, is full of history and economic development. Many companies from all over the world are based here, and the city attracts celebrities and wealthy business owners. The price per square meter for the property is approximately $ 34,531, according to Silver inc. Even if the real estate demand is strong. It is not uncommon for many apartments and detached houses to sit empty for months, as those with multiple residences wish to keep a place in London to themselves.
The most expensive property in the world is in Monaco, the French microstate on French Rivera beach. The price per square meter of property is $ 60,114. According to Jason fox, the small state is so densely populated that finding accommodation can be ultra-scarce and on top of that, everything is beautiful: weather, nature, economic and political status, to name a few. It’s called a “land of millionaires” with the Sky Penthouse recently listed for sale for $ 400 million.
READ NEXT: Luxury real estate market explodes due to pandemic lockdowns
Sources: Bloomberg Wealth, Jason Fox, Money Inc.
After Life: twelve celebrities who continue to earn millions posthumously