Mapped: The World’s Most Expensive Real Estate Markets

Marcus Lu
2025-05-22 13:42:00
www.visualcapitalist.com

See this visualization first on the Voronoi app.

Mapped: The World’s Most Expensive Real Estate Markets

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

Key Takeaways

Monaco is the world’s most expensive real estate market, followed by New York City and Hong Kong
This top 20 list also includes six French cities

In this graphic, we explore the world’s most expensive real estate markets, using data as of December 2024. The rankings are based on the average price per square meter for a prime 100–200 m² (1,075-2,150 sq. ft) apartment, sourced from New World Wealth and Henley & Partners.

What Is “Prime” Real Estate?

“Prime” real estate refers to properties in the most desirable global locations—whether for lifestyle, investment, or prestige. These homes typically share four key characteristics:

High-Value: Located in top-tier global cities or exclusive resort areas, with premium price tags per square meter.
Luxury-Oriented: High-end properties boasting top-tier amenities, design, and finishes.
Strategically Located: Found in stable, globally connected markets with strong lifestyle appeal.
Investment-Linked: Often eligible for residence or citizenship-by-investment programs, offering benefits beyond ownership.

The Global Leaders in Price per Square Meter

At the top of the list is Monaco, where prime real estate prices dwarf those of other markets.

The small principality on the French Riviera is a haven for the ultra-wealthy, driven by its low taxes, exclusive lifestyle, and financial services sector. With limited land and soaring demand, Monaco continues to command the highest prices globally.

City/Region	Country	USD/m²	USD/sq ft
Monaco	Monaco	38,800	3,603
New York City	USA	27,500	2,554
Hong Kong	Hong Kong SAR	26,300	2,444
London	UK	24,000	2,230
Saint-Jean-Cap-Ferrat	France	21,200	1,971
Paris	France	20,400	1,895
Sydney	Australia	19,500	1,812
Palm Beach	USA	18,000	1,672
Miami Beach	USA	17,800	1,653
Los Angeles	USA	17,500	1,627
Singapore	Singapore	16,700	1,551
Geneva	Switzerland	15,200	1,412
Nice	France	15,000	1,395
Portofino	Italy	15,000	1,395
Cannes	France	14,800	1,376
Tokyo	Japan	14,700	1,367
Lugano	Switzerland	14,600	1,358
Antibes	France	14,500	1,349
Porto Cervo	Italy	14,500	1,349
Èze	France	14,400	1,340

In second place is New York City, consistently ranked the world’s leading financial center. Home to billionaires, major investment firms, and iconic luxury developments, NYC remains a global magnet for capital and prestige real estate.

Hong Kong ranks third, reflecting its ongoing role as a global finance hub. With limited land supply, strong investor demand, and its strategic location in Asia, Hong Kong’s prime real estate market remains one of the most expensive on Earth.

Learn More on the Voronoi App

If you enjoyed this map, be sure to check out The World’s Largest Economies, Including U.S. States.

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