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The most expensive real estate in Europe is concentrated in major cities and prestigious resort areas. Here are some of the most high-cost regions:
1. London, United Kingdom
- London is traditionally one of the most expensive cities worldwide. In central districts like Mayfair, Kensington, Chelsea, and Westminster, property prices can reach €20,000–€30,000 per square meter or higher.
- The high demand for luxury apartments and houses in historic areas and premium rental rates make London highly attractive for investors.
2. Paris, France
- Paris’s most expensive real estate is found in areas like Champs-Élysées, Saint-Germain-des-Prés, and Le Marais. Average prices per square meter in these areas range from €15,000 to €25,000 and up, depending on location and property type.
- Paris is also appealing to international investors due to its cultural and historical significance.
3. Monaco
- Monaco consistently holds the title for some of the world’s most expensive real estate. Here, average property prices can reach €50,000–€100,000 per square meter.
- This is driven by Monaco’s limited land area, high local incomes, and tax benefits, which attract wealthy individuals globally.
4. Switzerland (Geneva and Zurich)
- In Switzerland, expensive real estate is concentrated in cities like Geneva and Zurich, as well as in prestigious resort areas such as St. Moritz.
- In Geneva, prices can reach €15,000–€25,000 per square meter, especially near Lake Geneva with views of the Alps. Zurich also has high prices, particularly in districts like Seefeld and Wiedikon.
5. Courchevel, France
- Courchevel, in the French Alps, is renowned for luxury skiing and holds some of the highest real estate prices in Europe.
- Prices can reach €40,000–€50,000 per square meter for upscale chalets or apartments close to ski slopes and resort amenities.
6. Italy (Costa Smeralda, Sardinia)
- Costa Smeralda in Sardinia is one of the priciest areas in Italy, popular among affluent tourists and yacht owners.
- Property prices here can reach €30,000–€40,000 per square meter, especially for villas with sea views.
7. Barcelona and Costa Brava, Spain
- In Barcelona, particularly in the Pedralbes area, and on the Costa Brava coast, prices can also be high, reaching €15,000–€20,000 per square meter.
- Costa Brava’s seafront properties are appealing to both local and international investors, especially those offering sea views and exclusivity.
These locations attract high-end buyers due to their natural beauty, historic landmarks, and unique cultural significance.