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Most expensive real estate markets in the world

Last updated on: July 5, 2012 08:56 IST

Most expensive real estate markets in the world

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Real estate prices are rising not only in the developing world, but also in some developed cities.

Let's take a look at some of the most expensive real estate markets in the world.

Source: Business Insider

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Image: A view of downtown area in Los Angeles.
Photographs: Mario Anzuoni/Reuters
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Paris, France

Real estate cost: $3,287 per square foot

Global rank: 1

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Image: A view of Galeries Lafayette department store in Paris.
Photographs: Charles Platiau/Reuters
Tags: , France , Paris , Real

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Oslo, Norway

Real estate cost: $2,099 per square foot

Global rank: 2

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Image: People walk past the Grand Hotel in Oslo.
Photographs: Scanpix/Reuters
Tags: , Oslo , Real , Norway

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London, The United Kingdom

Real estate cost: $1,590 per square foot

Global rank: 3

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Image: A man crosses the Mall, decked out in Union flags and with Buckingham Palace in the background, in London.
Photographs: Andrew Winning/Reuters

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Luxembourg, Luxembourg

Real estate cost: $1,563 per square foot

Global rank: 4

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Image: A view of the city of Luxembourg.
Photographs: Francois Lenoir/Reuters

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Singapore, Singapore

Real estate cost: $1,561 per square foot

Global rank: 5

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Image: A view of the Central Business District in Singapore.
Photographs: Allison Ching/Reuters
Tags: Singapore , Real

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Stockholm, Sweden

Real estate cost: $1,516 per square foot

Global rank: 6

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Image: Pedestrians walk down the main shopping street in Stockholm's Gamla Stan or Old Town district.
Photographs: Bob Strong/Reuters
Tags: , Real , Stockholm , Sweden

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Beirut, Lebanon

Real estate cost: $1,448 per square foot

Global rank: 7

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Image: An aerial view shows Saint-George Yacht Club surrounded by construction work in Beirut.
Photographs: Cynthia Karam/Reuters
Tags: , Lebanon , Real , Beirut

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Madrid, Spain

Real estate cost: $1,395 per square foot

Global rank: 8

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Image: People sit in a restaurant in Madrid's central Plaza Mayor.
Photographs: Andrea Comas/Reuters
Tags: , Madrid , Spain , Real

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Helsinki, Finland

Real estate cost: $1,366 per square foot

Global rank: 9

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Image: A view of a cafe in the square of the Three Blacksmiths, Helsinki.
Photographs: Stringer/Reuters
Tags: , Finland , Helsinki

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Copenhagen, Denmark

Real estate cost: $1,317 per square foot

Global rank: 10

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Image: Boats are seen anchored at the 17th century Nyhavn district, home to many shops and restaurants in Copenhagen.
Photographs: Bob Strong/Reuters
Tags: , Denmark , Copenhagen , Real

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Hong Kong, Hong Kong

Real estate cost: $1,118 per square foot

Global rank: 11

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Image: An Airbus A380 flies over Hong Kong's Victoria Harbour in Hong Kong.
Photographs: Stringer/Reuters
Tags: Hong Kong , Real

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New York City, The United States

Real estate cost: $1,068 per square foot

Global rank: 12


Image: The Brooklyn Bridge and Manhattan Bridge is seen from the 90th story of One World Trade Center in New York.
Photographs: Lucas Jackson/Reuters

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