Most expensive cities in 2008

I'm suprised not to see Ukraine in the list. Prices for residential real estate in capital city of Kyiv average $1,200-1800. Or am I missing something?

This is not a complete list of either a) the most expensive cities in the world or b) all cities that we cover. Please see http://www.globalpropertyguide.com/most-expensive-cities (alas, the sort mechanism doesn't work because of the currency conversion process, but we will work on it)

It is false! In Kiev the prices not below, than in St.-Petersburg (Russia), also are close to the prices in Berlin (Germany). Thus Kiev has not got at all in the report.

I am missing Zagreb in Croatia, 1.500 - 4.500 p.sq.m. (or even Dubrovnik 2.000 - 7.000) where prices are high and exxagerated.

Well yes, I am sorry, but we have not listed every city in the article, as explained.

It's absolutely a false article!!!Where did u get this datas? From the squirrels? There's not even an Italian city like Milan or Rome!!!I can't believe that cities like El Cairo can be more expensive then Milan! I come from Milan! Do you know what's an not central 2 beds flat avarage rent in Milan??It's around 1000 euro!And in Venice or Rome is the same!A 1 room flat 25/30 square meters in Milan is around 150/170k. In Rome 220/240k. Please review better next time. This king of false article make this website less reliable. Cheers.Alex

Sorry, the article was somewhat unclear.... the cities are not in order of expense. We put some expensive ones at the top, and then compared them to others... next time we will make it the '10 most expensive cities'. If you want an accurate listing by price, please go to: http://www.globalpropertyguide.com/most-expensive-cities Howeverm we have not yet reseached Milan.

Ah, I see it now. With $4,152 per sq. meter Kyiv should be somewhere between Sydney and Hong Kong. Not bad. :)

Yes, you are moving fast, you guys! Soon, like Londoners, you will not be able to afford to park your cars.

Not very comprehensive and accurate if Taipei isn't even on the list.

Taipei will be there soon.

I was under the impression that Panama City apartments now sell for an average of $3,000 p.s.m. a huge discrepancy with your figure??

Our figures are not for new apartments...

Wheres Fort McMurray on this?? It has the most expensive housing market in Canada.. A 2 storey 1500 sq feet home goes for over $600,000.

Wow.

what about other then Warsaw Polish cities, like Krakov or Wroclaw? Do You have more prices in other cities in Europe? Like Lion, Liverpool etc.?

I'm afraid not. If you would like to commission us, we can do the research!

How about other cities in the US? How about Washington DC or San Francisco?

Hmmm... indeed. How about many places. Er, your point is?

Great article. But I note it says: "London, Moscow and New York are also the most expensive cities for renters. The monthly rent for a 120 sq. m. apartment in prime central London is around US$13,000. In other luxurious areas in London , the monthly rent is around US$7,900 for a similar sized unit." I can tell you London is way more expensive than what you say. I live in about 100 sq m in Pimlico, in central London. It is just outside of the prime area. I recently looked to move, but realised all around me rents were the same as I was paying for a similar sized place - GBp385 per week, or about US$750, which is US$39,000 per year. I was in Chelsea last week and saw that most one-bedrooms were over GBP 400-450 per WEEK.

What you are paying seems not inconsistent with our figures. You are renting 100 sq. m. right? And paying US$3,250 per month? That is (you say) a) smaller than the area we cite and b) lower than neighbouring apartments. Pimlico is other luxurious, not prime - so the difference between your rent and the US$7,900 we cite seems explainable by those two facts. Certainly, your rent is not much higher than the one we consider normal - but lower.

It's one awkward research.Kyiv, Ukraine, is not in the list with prices varying from $1'200 to $6'000 per sq.m. The average price now is around $2'000 per sq.m.

Well, not all countries with prices in that range are in the list. Only a few illustrative countries,which as it happens, do not inclde Ukraine.

You are right. Sorry, silly me, I was thinking you were saying annual rents. I guess I just dont want to admit to myself how ridiculously expensive London is.

How can you name an article "Most expensive Cities in 2008" and exclude the Nordic Capitals that obviously all would make the top ten list. It is pointing in a very confusing direction...

We do not agree that "obviously, they would all make the top 10 list" but it is true that the list could have been more clearly labelled, and will be next time

IMHOArticle gives a good idea about worldwide properties prices.Prices/rents about right (I judge by prices in Toronto, Moscow, Montreal).If somebody is unhappy you guys should make a subscriber section and provide subscribers with material based on monthly fee Then send all unsatisfied "clients" to paid section.

What about Vancouver?? prices a way higher than Toronto or Montreal. Get real guys...

I live in sweden, stockholm. Hum i know the swedish prices in östermalm in stockholm is about 55.000 sek and thats 7,482 US dollars that will make the top a bit changed. And i can say that oslo will join there to.

Average residential real estate prices in Almaty, Kazakhstan are about 3,500 USD / sq. m.; Thus 120 sq.m. apartment in city center would cost around 7,000 - 10,000 USD / sq. m. Rents are also high, 4,000 - 5,000 USD / month.

Just wanted to note that Kazakhstan is missing in both charts.

Interesting read, by the numbers above, my mom is charging me waaaay too much in rent.

What happened not one South American city on your list. Why not?

I hear you. Next time we plan to make this process more systematic, having learned from all the friendly criticism!

What about Sao Paulo, Rio de Janeiro, Buenos Aires, Montevideo, Santiago ?It is difficult to believe in a report which misses a whole continent !!

"posted by our Editor: Matthew Pollock | 2008-04-02I hear you. Next time we plan to make this process more systematic, having learned from all the friendly criticism!"I'm not sure it's friendly criticism!

I work in an investment company which sells prime realty in central Moscow (after reconstruction). A 200 sq.m. apartment a building built in 1906 would you cost about 6 million dollars with price starting from $35000 per sq. meter. Prices in newly-built buildings are considerably higher as I know.

I believe Taipei(The capital of Taiwan),and Seoul should be put in the top 20.As I know for sure the housing price there are more expensive than here in Shanghai.

Mumbai is so damn Costly.Ican't belive it man,it's in the top ten.Oh my god!

The rent in Shanghai is by far not so high. The price for the appartment is correct.

Doing proper research? how can you miss out oslo,copenhagen,dublin,Milan,Osaka??

being a researcher is not an easy task... as a writer i would like to give my appreciation and recognation of the people who are very diligent enough to do such this things. human as we are, we cannot deny the fact that we are just fun of giving critiques from others work... well, at least!!! someone recognize it... so, to the researcher and writers! keep it up guys... do more...

I am very certain that Seoul should be in the list

Interestign article, but wow, very poorly titled. Which editor let this one slip through?

This one

Oh my god! Why is South America always left behind? Not even one city?

Where is Iceland in this!! Im from Iceland and I can tell you this is a very expensive country!! Did you forget about us!!

This is a realistic list of the housing market, the first I ever saw. Some prices are really amazing, I don't always see the logic of the facts.Thanks!

The property prices mentioned for Mumbai in the statement "Property prices in Mumbai are around US$8,600 to US$10,300 per sq. m." are NOT REAL. Many NRI's peoples fooled through FDI(Foreign Direct Investment) policy started by Governmet of India. The real figures are 10 times less than what had been mentioned in your survey.

Sorry, I don't follow you. How does the FDI policy generate misleading property asking prices and rents? Research widely supports the notion that outside buyers coming in to an unfamiliar housing market quickly get a reasonably accurate sense of what the going prices are, and are at little or no disadvantage to locals (who also have to refresh their knowledge of current house-prices). So if you are saying that NRIs are being systematically taken advantage of, I am sceptical.

Singapore house rentals are much higher than specified her....I dont agree with the mentioned comparision

Lived in Montreal until recently (and have family still living there) and I fail to understand the US 2,500 average price for a 120sq.m. apartment (even if limited to the downtown area). Not sure where/how the info is gathered, but it is terribly skewed (overestimated).

We survey high-end city-centre used apartments, for all the cities that we cover, please read the Data FAQs for further details. Remember these prices are for sq. m., not sq. ft!

Great article, very interesting. Next time you may add more cities (South America) and more accuracy. Great work and a good reference. Thanks!

So if I read this correctly, these are the most expensive cities ranked in order, from a sample set of cities that were researched? Otherwise, I am quite sure that there would be at least three other Australian cities - Melbourne (very similar prices to Sydney), Perth (now currently ranked more expensive than both Melbourne and Sydney), and Brisbane. It might have been worth mentioning at the beginning of this artile that a limited number of cities were researched, and perhaps provided a list of which ones were researched. In the absence of this, several statements made in this article suggest that are absolute, and by extension, are inaccurate.

i found it very nice but mumbai's costliest land is more expensive then that mentioned above.It is around 70,000 rupees per sq.ft