Top 10 Most Expensive Real Estate Markets

Today we are returning to our series of top ten lists, relating to real estate. Below, we have excerpted People's Daily Online lists the most expensive real estate markets in the world, from Mumbai to Monte Carlo.

10. Mumbai, India

851 U.S. dollars per square foot. Same amount of land+ growing population = high rent.

9. Rome, Italy

851.50 U.S. dollars per square foot. “Mi scuzi, but thassa one high rent!”

8. Singapore

901 U.S. dollars per square foot. If you don't pay your rent on time, your landlord can legally beat you in public.

7. Tokyo

1,103 U.S. dollars per square foot. This is not surprising as Japan is one of the world's most crowded cities.

6. Paris, France

1,126.20 U.S. dollars per square foot. Hey, I guess their landlords are snobby and elitist as well.

5. Hong Kong

1,373 U.S. dollars per square foot. Due to land scarcity and a high residential population, Hong Kong real estate is in short supply.

4. New York

1,384 U.S. dollars per square foot. The “Big Apple” garners “Big Rent”.

3. London

1,928 U.S. dollars per square foot. As one of the world's financial centers, London real estate prices are kept high.

2. Moscow

1,937 U.S. dollars per square foot. “In Soviet Russia, apartment rents you!”

1. Monte Carlo, Monaco

4,420 U.S. dollars per square foot. Monte Carlo residents can enjoy the blue coast, sandy beaches, enchanting nightlife, as well as the benefits of tax havens, but they also have to pay the price. This resort ranks first on the world's most expensive real estate market list for two consecutive years.