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The World's Most Expensive Real Estate Markets

The financial capital of the world is no longer the capital for luxury real estate. The survey took into account the property in Manhattan, where a large portion of the high-end real estate is located. The third highest priced prime real estate in the world is found in Manhattan, with an average of $2,160 per square foot. In 2008, the city lost -4.1 percent in value over the entire year, with a drop of -3.2 percent in the final quarter.

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3. New York, USA - $2,160 per sq ft

The financial capital of the world is no longer the capital for luxury real estate. The survey took into account the property in Manhattan, where a large portion of the high-end real estate is located. The third highest priced prime real estate in the world is found in Manhattan, with an average of $2,160 per square foot. In 2008, the city lost -4.1 percent in value over the entire year, with a drop of -3.2 percent in the final quarter.


Photo: AP