The ranking, with price data from the end of 2024, is based on the average price per square metre (m2) for a luxury apartment between 100 and 200 m2. Six of the top 20 luxury housing destinations are in France.

The so-called “prime real estate” refers to properties located in the most coveted destinations in the world, whether for the lifestyle, the real estate investment or simply the prestige they provide.

These properties tend to share some common characteristics:

  • They are high-value properties located in first-tier cities or exclusive tourist areas, with premium prices per m2;
  • They are state-of-the-art residences with high-quality services, design and finishes;
  • They are strategically located in stable, globally connected markets with an attractive lifestyle;
  • They are investment-related properties. They are located in countries with residency or citizenship-by-investment programs, offering benefits that go beyond ownership.

Monaco tops the list, where luxury property prices eclipse those of other markets, with prices as high as $38,800 per m2 (€34,130 per m2).

The small principality on the French Riviera is a haven for the ultra-rich, thanks to its low taxes, exclusive lifestyle and strong financial sector. With limited land and growing demand, Monaco continues to have the highest prices in the world.

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In second place is New York, consistently considered the world's leading financial centre. Home to billionaires, major investment firms and iconic luxury developments, New York remains a global magnet for capital and premium real estate, with average prices around US$27,500 per m2 (€24,190 per m2).

Hong Kong ranks third, reflecting its continued role as a global financial hub. With limited land supply, strong investor demand and a strategic location in Asia, Hong Kong’s luxury market remains one of the most expensive in the world, at US$26,300 per m2, up to €23,135 per m2.

Capital cities such as London, Paris, Sydney, Singapore or Tokyo mix with more upmarket destinations such as Palm Beach, Nice, Portofino, Cannes or Lugano, concludes New World Wealth and Henley & Partners.