10 Most Expensive Real Estate Cities in the World

Investment in the real estate sector is a popular choice for many people due to its continuously rising prices.

Unlike property, real estate focuses solely on the physical aspects, such as buildings and land. Property, however, encompasses not only the physical aspects but also ownership rights to both the building and the land.

In some parts of the world, real estate prices are incredibly high. Even with US$1 million (approximately Rp 14.37 billion), one might only be able to purchase less than 20 m² of real estate.

Based on data from *Wealthy Gorilla*, here's a comparison of the 10 cities with the highest real estate prices in the world in 2022:

1. Monaco – US$1 million: 17 m² of real estate
2. Hong Kong – US$1 million: 21 m² of real estate
3. London – US$1 million: 21 m² of real estate
4. New York – US$1 million: 34 m² of real estate
5. Singapore – US$1 million: 39 m² of real estate
6. Geneva – US$1 million: 39 m² of real estate
7. Sydney – US$1 million: 41 m² of real estate
8. Shanghai – US$1 million: 48 m² of real estate
9. Paris – US$1 million: 50 m² of real estate
10. Los Angeles – US$1 million: 57 m² of real estate

Monaco is recorded as the city with the most expensive real estate in the world, where US$1 million only buys 17 m². Monaco is a very small city, approximately 2 km². It's known worldwide as a luxurious city and a tourist destination for the wealthy and famous.

(Read More: For the First Time, Tel Aviv Becomes the Most Expensive City in the World)