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World’s most expensive real estate markets

Posted on 07 March 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. We’ve put together a list of 2012’s most expensive property markets, based on research by luxury estate agent Knight Frank, ranking areas by both average property prices for the year, and price per square foot in the fourth quarter………………………………………..Full Article: Source


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