Looking to spend $200,000 for a villa in Monaco?
Good luck. For that amount, you'd be lucky to get a one-bath – as in a single four-foot by eight-foot bathroom.
Monaco is the most expensive city in the world when it comes to real estate, according to the Knight Frank's latest Wealth Report. Knight Frank, the London-based real-estate firm, said that the average price of real-estate in Monaco was between $5,350 and $5,920 per square foot in the fourth quarter of 2012.
Prices in the Mediterranean principality have risen two percent over the past year, as the world's wealthy got wealthier and put more of their fortunes into real estate. Monaco's tax-haven status also helps at a time when many countries (the United States, U.K., France, Italy) are raising taxes on the wealthy.
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Ranking second among the world's most expensive real-estate cities was Hong Kong, at $4,570 to $5,050 per square foot. London, Geneva and Paris rounded out the top five. (See the full list below).