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C-Suite Advisory

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:


Have you read?

# World’s Best Countries To Invest In Or Do Business.
# Countries With The Best Quality of Life, 2019.
# Most Startup Friendly Countries In The World.
# The World’s Safest Cities Ranking.
# Global Passport Ranking, 2019.

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Dr. Amarendra Bhushan Dhiraj
Dr. Amarendra Bhushan Dhiraj is the CEO and editorial director at CEOWORLD magazine, the leading global business magazine written strictly for CEOs, CFOs, top managers, company directors, investors, senior executives, business leaders, and high net worth individuals.