Top 15 World’s Most Expensive Cities

19 November 2016

Where in the world would you rather live? Is it where you are at the moment? Or is it one of these cities with world’s highest property price?

Building a city comes with a lot of responsibilities. But when you do it right, the outcome is amazing: you end up with the most expensive city in the world. And with high level of demand comes the highest property price.

Besides its infrastructures, there are other factors to determine the city’s property price. Sometimes, it is just as simple as high demand due to rapid population growth of the city or country itself. And for some people, moving out is hard to do or not even an option.

These fifteen cities have the highest property price because of one or some of those reasons. However, we can categorize them into two major reasons in general: population and fame.

We gathered some data from Global Property Guide to rank the cities in the world based on their property buying price per square meter. The property refers to typical average apartment in a prime inner city area.

So, without further ado, let’s start the countdown!

15. Amsterdam, Netherlands ($8,150 per square meter)

15 Cities in the World with Highest Property Price | #15. Amsterdam, Netherlands ($8,150 per square meter)
15 Cities in the World with Highest Property Price | #15. Amsterdam, Netherlands ($8,150 per square meter) | source: mrztour.com

We start things off with the capital of Netherlands, Amsterdam. With 12,710 inhabitants per square mile, it is the most populous municipality in the Kingdom of the Netherlands. So, should we say this city has the 15th highest property price because of its population?

Before we answer that, let’s take a look at the city’s infrastructures. Besides being below sea level, Amsterdam is renowned for its canal system. It is why Amsterdam is known as the Venice of the North. It is not just for transport purpose, but also for water management.

To live among other 800,000 people in the municipality of Amsterdam (some of them are probably related to Max Verstappen), you need around $3,000 monthly to rent an apartment here. And if you’re looking to own one, the buying price is around $8,150 per square meter. So, assuming the average size of city apartment is around 120 square meters, you need around $978,000 to own an apartment in Amsterdam.

“Amsterdam’s appeal lies in its rich cultural heritage, diverse and creative culture, commercial dynamism and high quality of life. Ultimately, the city’s strongest asset is its people: the people who live here, the people who work here, the people who study here, and the people who visit here.”iamsterdam.com.

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