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Real Estate Briefing - Categorized | Investment, Market Moves more

10 most expensive luxury property markets

Posted on 25 March 2013

Hong Kong is home to the world’s most expensive luxury real estate market, with top-end properties in the Chinese city fetching on average of US$11,800 per sqm, research found. According to real estate services provider Savills’ World Cities Review, values in the formerly British territory have soared 113.3 percent in the last seven years, despite a stalling in the second half of last year.
The report found that prices across several major Asian cities has sky rocketed in recent years on the back of a buying spree by the world’s mega-rich, causing premium property prices to outstrip mainstream real estate markets………………………………………..Full Article: Source


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