Most Expensive Cities in the World as of February 2023 | price m²
Analytical site Numbeo, which specializes in collecting data on prices in cities and countries, ranked the cities with the most expensive real estate as of February 2023. The rating took into account prices for real estate, which is located in the city center. The most expensive real estate is located in Hong Kong, which is one of the leading financial centers in the world. The average cost of 1 square meter of real estate in the central districts of Hong Kong is 31,110 USD. In addition to Hong Kong, the top ten most expensive cities in the world with the highest real estate prices include Seoul (South Korea), Zurich (Switzerland), Singapore, Shanghai (China), Beijing (China), Geneva (Switzerland), Shenzhen (China), Tel Aviv (Israel) and Lausanne (Switzerland).
The demand for real estate in the central areas of the most expensive cities in the world is explained by the stability of this segment. As a rule, prices for such real estate remain stable and continue to grow even during the period of political and economic changes. As statistics show, expensive and premium housing can significantly increase capital over time.