29 Jun '14, 7am

What 1 million euros can buy in luxury housing markets around the world #property #investment #luxury #housing #dubai

What 1 million euros can buy in luxury housing markets around the world #property #investment #luxury #housing #dubai

Compartir Despite what people may think about the price of luxury housing in the major capitals of the world, the fact is that there are great differences between what it may cost in exclusive cities like Dubai, Tokyo, New York and Monaco. Some important differences indicate that 1 million euros can buy only 20 m² in Monaco or 199 m² in Dubai of the so-called prime properties . Monaco , is ranked first with the highest price in the world (49,000 €/m²), it justifies these exorbitant prices by the shortage of supply and strong demand. The big problem of Monaco is its size, forcing to implement a policy of urbanization on the sea or to conduct a remodeling of the city, with tall buildings replacing the existing low-rise buildings. Hong Kong ranks second, with exorbitant prices of 35,000 €/m². In recent years, prices of luxury homes in the city have not stopped rising, especia...

Full article: http://www.inmorealty.co.uk/property-investment-millon-ca...

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