The Most Expensive Home Prices Are Found In … – NMP Skip to main content

The Most Expensive Home Prices Are Found In …

May 03, 2017
When it comes to ultra-ultra-luxury housing, the European principality of Monaco offers the world’s most expensive home prices, according to a report from the London-based brokerage Savills

When it comes to ultra-ultra-luxury housing, the European principality of Monaco offers the world’s most expensive home prices, according to a report from the London-based brokerage Savills.
 
With a population of approximately 38,400, the tiny country’s residential real estate saw an average resale price of $44,992 per square meter in 2016, a new record. The value of total housing transactions last year also set a new record at $2.93 billion.
 
“At a time when prices have adjusted in the prime residential markets of many world cities, prices in Monaco have continued to rise,” wrote Paul Tostevin, associate director of Savills World Research. Prime properties have increased nearly threefold over the past decade, according to the London-based brokerage.
 
Hong Kong scored the second most expensive prime residential market, with prices at $42,489 per square meter, followed by Tokyo at $31,815 per square meter. The sole U.S. metro to rank among the world’s priciest housing markets was New York, which placed fifth at $18,195 per square meter.

 
About the author
Published
May 03, 2017
President Trump Cancels 21st Century ROAD To Housing Act

Trump cancels signing the bipartisan housing bill, leaving affordability package in limbo

Jun 24, 2026
Commercial, Multifamily Mortgage Debt Tops $5 Trillion In Q1

MBA says outstanding debt grew by $26.3 billion in the first quarter, led by multifamily lending and increased holdings from banks, agencies, and life insurers

Jun 18, 2026
Fed Holds Rates Steady, But Outlook Dims For Mortgage Rate Relief

The Federal Reserve left rates unchanged but updated projections show more policymakers expecting additional hikes

Jun 18, 2026
Congress Nears Final Vote On 21st Century ROAD to Housing Act

Senate voted 87-8 to advance House-amended package, with final votes expected in coming days

Jun 17, 2026
Florida Pending Sales Signal Strong Summer Housing Market

Closed sales rise for a ninth straight month as inventory gives buyers more negotiating power

Jun 16, 2026
Trump Taps Former CFPB Deputy Brian Johnson To Lead Bureau

MBA backs the nomination as lenders await clarity on the future direction of consumer finance regulation under the Trump administration

Jun 12, 2026