World’s Most Expensive Cities For Those Looking To Buy A Home

Hong Kong is the world’s most expensive urban center for those looking to buy a home, according to a survey of 35 global cities by real estate consultant CBRE. Hong Kong’s average property price is $1.2 million, ahead of second-placed Singapore ($874,372) and third-placed Shanghai ($872,555).

The Chinese cities of Shenzhen (average property price: $680,283) and Beijing (average property price: $629,276) were also named among the world’s top ten costliest cities for home buyers, ranked in 5th and 9th place respectively.

The cheapest cities for buying residential property were Istanbul, Ho Chi Min City, and Bangkok.

The World’s Most Expensive Cities For Those Looking To Buy A Home:

1. Hong Kong: $1,235,2202
2. Singapore: $874,3723
3. Shanghai, China: $872,5554
4. Vancouver, Canada: $815,3225
5. Shenzhen, China: $680,2836
6. Los Angeles, United States: $679,2007
7. New York, United States: $674,5008
8. London, United Kingdom: $646,9739
9. Beijing, China: $629,27610
10. Paris, France: $625,29911
11. Cape Town, South Africa: $577,66012
12. Toronto, Canada: $575,55713
13. Sydney, Australia: $537,89114
14. Jeddah, Saudi Arabia: $447,74915
15. Melbourne, Australia: $433,33616
16. Dublin, Ireland: $427,35017
17. Riyadh, Saudi Arabia: $415,76718
18. Dubai, United Arab Emirates: $408,06519
19. Abu Dhabi, United Arab Emirates: $404,92620
20. Miami, United States: $333,60021
21. Barcelona, Spain: $328,88022
22. Rome, Italy: $282,44223
23. Milan, Italy: $279,13524
24. Madrid, Spain: $274,55525
25. Moscow, Russia: $268,68726
26. Montreal, Canada: $260,08427
27. Birmingham, United Kingdom: $245,67028
28. Manchester, United Kingdom: $229,44529
29. Chicago, United States: $228,50030
30. Johannesburg, South Africa: $218,44331
31. Lisbon, Portugal: $207,83432
32. Kuala Lumpur, Malaysia: $119,73833
33. Bangkok, Thailand: $106,38334
34. Ho Chi Minh City (Saigon), Vietnam: $103,05735
35. Istanbul, Turkey: $97,396

These are the top 10 most expensive cities for owning homes:

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This report/news/ranking/statistics has been prepared only for general guidance on matters of interest and does not constitute professional advice. You should not act upon the information contained in this publication without obtaining specific professional advice. No representation or warranty (express or implied) is given as to the accuracy or completeness of the information contained in this publication, and, to the extent permitted by law, CEOWORLD magazine does not accept or assume any liability, responsibility or duty of care for any consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this publication or for any decision based on it.

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