Prices are generally expressed as US$ per sq m, but, for ease of comparison, on this page we have provided the numbers in leading international currencies and units. For each market we have also included the price in local currency.
All currency exchange calculations are based on the rate prevailing on 31 December 2011.
Rank | Location | $ per sq m | $ per sq ft | £ per sq ft | € per sq m | Local currency/ measure |
---|---|---|---|---|---|---|
1 | Monaco | 58,300 | 5,400 | 3,500 | 45,000 | EUR 45,000/ sq m |
2 | Cap Ferrat | 51,800 | 4,800 | 3,100 | 40,000 | EUR 40,000/ sq m |
3 | London | 48,900 | 4,500 | 2,900 | 37,800 | GBP 2,900/ sq ft |
4 | Hong Kong* | 47,500 | 4,400 | 2,900 | 36,700 | HKD 34,300/ sq ft |
5 | Courchevel | 44,000 | 4,100 | 2,600 | 34,000 | EUR 34,000/ sq m |
6 | St Moritz | 42,600 | 4,000 | 2,600 | 32,900 | CHF 40,000/ sq m |
7 | Gstaad | 39,900 | 3,700 | 2,400 | 30,800 | CHF 37,500/ sq m |
8 | St Tropez | 38,800 | 3,600 | 2,300 | 30,000 | EUR 30,000/ sq m |
9 | Geneva | 31,900 | 3,000 | 1,900 | 24,700 | CHF 30,000/ sq m |
10 | Hong Kong** | 28,300 | 2,600 | 1,700 | 21,900 | HKD 20,500/ sq ft |
11 | Paris | 27,200 | 2,500 | 1,600 | 21,000 | EUR 21,000/ sq m |
12 | Cannes | 25,900 | 2,400 | 1,600 | 20,000 | EUR 20,000/ sq m |
13 | Singapore | 25,600 | 2,400 | 1,500 | 19,700 | SGD 3,100/ sq ft |
14 | Moscow | 24,000 | 2,200 | 1,400 | 18,500 | USD 24,000/ sq m |
15 | Sardinia | 24,000 | 2,200 | 1,400 | 18,500 | EUR 18,500/ sq m |
16 | Zurich | 23,900 | 2,200 | 1,400 | 18,500 | CHF 22,500/ sq m |
17 | NY (Manhattan) | 23,300 | 2,200 | 1,400 | 18,000 | USD 2,200/ sq ft |
18 | Sydney | 22,400 | 2,100 | 1,300 | 17,300 | AUD 22,000/ sq m |
19 | Val d’Isere | 22,000 | 2,000 | 1,300 | 17,000 | EUR 17,000/ sq m |
20 | Meribel | 21,400 | 2,000 | 1,300 | 16,500 | EUR 16,500/ sq m |
21 | St Petersburg | 20,200 | 1,900 | 1,200 | 15,600 | USD 20,200/ sq m |
22 | Shanghai | 19,600 | 1,800 | 1,200 | 15,100 | RMB 124,400/ sq m |
23 | Mustique | 19,400 | 1,800 | 1,200 | 14,900 | USD 19,400/ sq m |
24 | Verbier | 18,700 | 1,700 | 1,100 | 14,400 | CHF 17,600/ sq m |
25 | Rome | 18,100 | 1,700 | 1,100 | 14,000 | EUR 14,000/ sq m |
26 | Beijing | 17,400 | 1,600 | 1,000 | 13,400 | RMB 110,600/ sq m |
27 | Megeve | 15,500 | 1,400 | 900 | 12,000 | EUR 12,000/ sq m |
28 | Vienna | 14,200 | 1,300 | 900 | 11,000 | EUR 11,000/ sq m |
29 | Amsterdam | 12,900 | 1,200 | 800 | 10,000 | EUR 10,000/ sq m |
30 | Mougins | 12,900 | 1,200 | 800 | 10,000 | EUR 10,000/ sq m |
31 | Florence | 12,300 | 1,100 | 700 | 9,500 | EUR 9,500/ sq m |
32 | Mallorca | 11,900 | 1,100 | 700 | 9,200 | EUR 9,200/ sq m |
33 | Lake Como | 11,700 | 1,100 | 700 | 9,000 | EUR 9,000/ sq m |
34 | Marbella | 11,700 | 1,100 | 700 | 9,000 | EUR 9,000/ sq m |
35 | Venice | 11,700 | 1,100 | 700 | 9,000 | EUR 9,000/ sq m |
36 | Mumbai | 11,400 | 1,100 | 700 | 8,800 | INR 57,500/ sq ft |
37 | Milan | 11,000 | 1,000 | 700 | 8,500 | EUR 8,500/ sq m |
38 | Cayman Islands | 10,800 | 1,000 | 600 | 8,300 | USD 1,000/ sq ft |
39 | Aspen | 10,500 | 1,000 | 600 | 8,100 | USD 1,000/ sq ft |
40 | Chamonix | 10,400 | 1,000 | 600 | 8,000 | EUR 8,000/ sq m |
41 | Madrid | 10,100 | 900 | 600 | 7,800 | EUR 7,800/ sq m |
42 | Barbados | 9,700 | 900 | 600 | 7,500 | USD 900/ sq ft |
43 | Tuscany | 8,700 | 800 | 500 | 6,800 | EUR 6,800/ sq m |
44 | Cyprus | 8,700 | 800 | 500 | 6,700 | EUR 6,700/ sq m |
45 | BV Islands | 8,600 | 800 | 500 | 6,700 | USD 800/ sq ft |
46 | Telluride | 8,200 | 800 | 500 | 6,400 | USD 800/ sq ft |
47 | Auckland | 7,900 | 700 | 500 | 6,100 | NZD 10,200/ sq m |
48 | Kiev | 7,900 | 700 | 500 | 6,100 | USD 7,900/ sq m |
49 | Provence | 7,800 | 700 | 500 | 6,000 | EUR 6,000/ sq m |
50 | Revelstoke | 7,400 | 700 | 400 | 5,700 | CAD 700/ sq ft |
51 | Bangkok | 6,500 | 600 | 400 | 5,000 | THB 205,000 / sq m |
52 | W. Algarve | 6,500 | 600 | 400 | 5,000 | EUR 5,000/ sq m |
53 | Miami | 6,300 | 600 | 400 | 4,900 | USD 600/ sq ft |
54 | Cape Town | 6,000 | 600 | 400 | 4,600 | ZAR 49,000/ sq m |
55 | Brussels | 5,800 | 500 | 400 | 4,500 | EUR 4,500/ sq m |
56 | Barcelona | 5,300 | 500 | 300 | 4,100 | EUR 4,100/ sq m |
57 | Kuala Lumpur | 5,000 | 500 | 300 | 3,900 | MYR 1,500/ sq ft |
58 | Umbria | 4,400 | 400 | 300 | 3,400 | EUR 3,400/ sq m |
59 | Christchurch | 3,400 | 300 | 200 | 2,600 | NZD 4,400/ sq m |
60 | Jakarta | 2,900 | 300 | 200 | 2,200 | IDR 26.3m/ sq m |
61 | Bali | 2,600 | 200 | 200 | 2,000 | IDR 23.5m/ sq m |
62 | Kenyan Coast | 2,100 | 200 | 100 | 1,600 | KES 180,000/ sq m |
63 | Nairobi | 1,700 | 200 | 100 | 1,300 | KES 150,000/ sq m |