After a record year in 2019 and before the arrival of the coronavirus on the international scene, 2020 was announced as a vintage year for the luxury real estate market. Indeed, for several years this sector does not stop growing and many reasons motivate this craze. The perpetual increase in the number of wealthy people, as well as low interest rates, favor this boom and push the sector upwards.
The expansion of the luxury real estate market has faced many crises and conflicts over the past 5 years. Among these disruptive elements we find the Brexit, the trade war between the United States and China or the health crisis due to Covid-19. On the other hand, for the first time the situation is different, experts anticipate a slight slowdown in the growth of the sector due to a complicated beginning of the year that has strongly surprised the players in the field. For the moment, it is difficult to project the evolution of this market between now and the end of the year, but the longer-term future of the sector does not seem to be threatened. On the contrary, it augurs rather good opportunities with a constantly increasing price per square meter.
Want to invest in luxury real estate? Unfortunately, you will have to project yourself outside of Switzerland… But don’t worry, it’s only in neighboring France, in the principality of Monaco, that you will find the most expensive luxury real estate market in the world with a staggering price of 48,800€ per m²! Find the top 10 most expensive luxury real estate locations in the world in 2019 according to Savills, a global real estate services provider listed on the London Stock Exchange :
|
City |
Price per m² in euro |
| Monaco | 48 800 |
| Hong Kong | 44 500 |
| Tokyo | 28 600 |
| New-York | 24 900 |
| London | 17 700 |
| Shanghai | 16 600 |
| Sydney | 16 300 |
| San Francisco | 15 500 |
| Singapore | 15 000 |
| Paris | 14 500 |
Search