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World’s priciest real estate can be found in Monaco

Posted on 29 March 2012

If you think real-estate in Manhattan or San Francisco is expensive, consider Monaco. The price of real-estate in Monaco — the world’s most expensive locale — is now an average of $5,408 a square foot, according to a report from Citi Private Bank and Knight Frank, the London real-estate firm.
Spending $1 million will get you a 200 square-foot closet – presumably without a water view.
The second most expensive locale is Cap Ferrat in the south of France, at more than $4,800 a square foot. That’s followed by London, at $4,534 a square foot, and then by Hong Kong, at $4,406 a square foot………………………………………..Full Article: Source

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