Becoming a homeowner is a dream for many people. But, in this country, you have to have a lot of income to buy a comfortable property. One city in particular stands out as being the one where per square meter is the most expensive in the world.
Buying real estate is often a long-term life project for the vast majority of people. And, in some countries, access to property even remains a privilege reserved for the richest. The proof with this top 3 drawn up by Numbeothe platform specializing in data on the cost of living around the world.
Indeed, the site has listed the 50 most expensive cities to buy a square meter of real estate, based on a city center apartment. And the leading trio has a surprise in store… On the third step of the podium, we find a city with a reputation for being expensive: Hong Kong, in the South-East of China. Here, the average cost of a square meter is estimated at around 21,500 euros. In the past, this city of 7 million inhabitants has already distinguished itself with its thriving real estate market. In 2021, a new apartment of 313 m2 was sold for 49 million euros, a record price of 156,000 euros per m2!
Then second place is awarded to another city whose reputation is well established: Zurich, in Switzerland. Here, the price per square meter is estimated by Numbeo at 22,000 euros. Renowned for its quality of life, this cosmopolitan city of just under 500,000 inhabitants has in the past been considered by The Economist as the most expensive place to live. Suffice it to say that you shouldn’t be the type to look at prices when you go shopping or go out to a restaurant if you want to live there.
Which city is designated as the one where the price per square meter is the most expensive? It’s Switzerland again! This is the little-known city of Zug, with a cost of around 27,600 euros. With only 32,000 inhabitants, it shines above all for its economic attractiveness and has been nicknamed Crypto Valley because of the many companies located in the area that specialize in the digital financial services sector. Note that our Swiss neighbors appear in the rest of the top 10 with Geneva in 5th place and Lausanne in 7th position.
And France in all this? It is obviously Paris which is the city in France where affording a square meter costs the most money and which occupies 14th place. For example, it is more expensive than many large European cities such as Vienna, Copenhagen or Berlin.
