Monaco is the most expensive market for prime property, costing over $5,800 per square foot.
Knight Frank released its annual wealth report and looked at high-end real estate around the world.
Hong Kong, Singapore, London, Geneva, and New York also ranked high for expensive prime property.
AdvertisementIn Monaco, where you would need nearly $12.9 million to be in the top 1%, a square foot in a prime property costs over $5,800.
Knight Frank defined prime property as "the most desirable and most expensive property in a given location, generally defined as the top 5% of each market by value."
Persons:
Knight Frank, —
Organizations:
Monaco, Service, Business
Locations:
Hong Kong, Singapore, London, Geneva, New York, Monaco