The Top 10 List of Most Expensive Property Markets

(The Global Property Guide compiled this list based on a 120 sq. m. apartment in city-centre of these cities)

The most expensive property market is without a doubt Monte Carlo in Monaco with property prices more than twice as expensive as the runner-up. The average cost of property in Monte Carlo is R434,931 per square meter.

Coming in at number 2 is the Russian capital, Moscow, costing an average of R190,643 per square meter, closely followed by London, UK with an average price tag of R189,773 per square meter.

The two Asian cities of Tokyo and Hong Kong take fourth and fifth place. Tokyo has an average property price of R164,557 per square meter and Hong Kong R147,432 per square meter.

The US has one entry on the top 10 list of most expensive property markets with New York’s property prices averaging a staggering R136,171 per square meter.

Paris, France comes in at number 7 with property in this city costing around R110,883 per square meter followed by Singapore where a property will cost you an average of R88,669 per square meter.

Italy's property makes an entry at number 9 with an average price of R83,775 and wrapping up the top 10 is Mumbai in India with property costing an average of R83,752 per square meter.