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12-03-2013, 12:28 AM
World’s Most Expensive Real Estate Markets
By Bianca Schlotterbeck; Posted March 6 2013
The number of High Net Worth Individuals - people with more than $30 million in investable assets – is forecast to rise by 95,000 over the next decade, according to wealth intelligence firm, Wealth-X. The result is that each year there are more people who want, and more importantly, can afford, luxury properties.
While demand is ever-rising, the stock of desirable locations remains virtually static, meaning capital inflows concentrate on a few hotspots, pushing prices upwards.
Knight Frank found locations in Asia-Pacific tended to be the biggest gainers, but old favorites such as London continue to perform well. Meanwhile, the biggest threat to property markets is their own popularity, as the lack of local affordability can become a political issue, prompting governments to impose cooling measures. Consequently, several areas in this list were subject to new regulations in 2012.
http://www.cnbc.com/id/100521200/page/1
1) Monaco : $5,350 – $5,920 per sq. ft. ($57,600 – $63,700 per sq. m)
2) Hong Kong : $4,570 – $5,050 per sq. ft. ($49,200 - $54,400 per sq. m)
3) London : $3,890 – $4,300 per sq. ft. ($41,900 - $46,300 per sq. m)
4) Geneva : $2,720 – $3,010 per sq. ft. ($29,300 - $32,400 per sq. m)
5) Paris : $ 2,350 – $2,600 per sq. ft. ($25,300 - $28,000 per sq. m)
6) Singapore : $ 2,340 – $2,580 per sq. ft. ($25,200 - $27,800 per sq. m)
7) Moscow : $ 2,040 – $2,260 per sq. ft. ($22,000-$24,300 per sq. m)
8) New York : $2,030 – 2,240 per sq. ft. ($21,800-24,100 per sq. m)
9) Sydney : $2,020 – $2,230 per sq. ft. ($21,700 - $24,000 per sq. m)
10) Shanghai : $ 1,820 – $2,020 per sq. ft. ($19,600 - $21,700 per sq. m)
(Prices are in USD)
For the Full Report : Download the Wealth Report from Knight Frank:
http://my.knightfrank.com/research-repor...eport.aspx
------------------------------------
Are Asia's Property Markets Too Hot to Handle?
http://www.cnbc.com/id/100535299
By Bianca Schlotterbeck; Posted March 6 2013
The number of High Net Worth Individuals - people with more than $30 million in investable assets – is forecast to rise by 95,000 over the next decade, according to wealth intelligence firm, Wealth-X. The result is that each year there are more people who want, and more importantly, can afford, luxury properties.
While demand is ever-rising, the stock of desirable locations remains virtually static, meaning capital inflows concentrate on a few hotspots, pushing prices upwards.
Knight Frank found locations in Asia-Pacific tended to be the biggest gainers, but old favorites such as London continue to perform well. Meanwhile, the biggest threat to property markets is their own popularity, as the lack of local affordability can become a political issue, prompting governments to impose cooling measures. Consequently, several areas in this list were subject to new regulations in 2012.
http://www.cnbc.com/id/100521200/page/1
1) Monaco : $5,350 – $5,920 per sq. ft. ($57,600 – $63,700 per sq. m)
2) Hong Kong : $4,570 – $5,050 per sq. ft. ($49,200 - $54,400 per sq. m)
3) London : $3,890 – $4,300 per sq. ft. ($41,900 - $46,300 per sq. m)
4) Geneva : $2,720 – $3,010 per sq. ft. ($29,300 - $32,400 per sq. m)
5) Paris : $ 2,350 – $2,600 per sq. ft. ($25,300 - $28,000 per sq. m)
6) Singapore : $ 2,340 – $2,580 per sq. ft. ($25,200 - $27,800 per sq. m)
7) Moscow : $ 2,040 – $2,260 per sq. ft. ($22,000-$24,300 per sq. m)
8) New York : $2,030 – 2,240 per sq. ft. ($21,800-24,100 per sq. m)
9) Sydney : $2,020 – $2,230 per sq. ft. ($21,700 - $24,000 per sq. m)
10) Shanghai : $ 1,820 – $2,020 per sq. ft. ($19,600 - $21,700 per sq. m)
(Prices are in USD)
For the Full Report : Download the Wealth Report from Knight Frank:
http://my.knightfrank.com/research-repor...eport.aspx
------------------------------------
Are Asia's Property Markets Too Hot to Handle?
http://www.cnbc.com/id/100535299
Research, research and research - Please do your own due diligence (DYODD) before you invest - Any reliance on my analysis is SOLELY at your own risk.