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The world’s most expensive real estate markets

Posted on 08 March 2013

Monaco remains the most expensive residential real estate market in the world, with luxury homes costing anywhere from $5,350 to $5,920 per square foot, according to a new wealth report from Knight Frank. While real estate prices in the tiny country are consistently high, Monaco saw a bump this year as buyers shied away from French hotspots in reaction to President Hollande’s wealth tax proposals, the Knight Frank report said.
And Monaco, which does not charge a personal income tax, was particularly popular with Russian buyers over French markets, according to the report. Luxury real estate prices there increased 2 percent year over year. Prices in 2012 jumped the most in Indonesia, where they increased 38 percent in Jakarta and 20 percent in Bali………………………………………..Full Article: Source

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