Posted by Leonard Steinberg on April 6th, 2012

New York City rates as the 17th most expensive real estate city in the world: maybe another reason why Manhattan is so incredibly popular with international investors these days? Monaco is at the top: a strong message about super low taxes for the super-wealthy? The rich always buy low….. Here is the list of the Top 10:

LOCATION   – AVERAGE PRICE PER SQUARE FOOT

Monaco – $5,408

Cap Ferrat — $4,800

London — $4,534

Hong Kong (houses) — $4,406

Courcheval 1850 — $4,081

St. Moritz — $3,951

Gstaad — $3,701

St. Tropez — $3,600

Geneva  – $2,959

Hong Kong (apartments) — $2,625