5 Most Expensive Housing Markets in the World

In this article we are going to list the 5 most expensive housing markets in the world. For a detailed coverage of this topic and a more comprehensive list please take a look at the 20 most expensive housing markets in the world.

5. Switzerland

Swiss wages are among the highest in the world, which means that people have more money to spend. This drives up the demand for goods and services, which in turn leads to higher prices.

4. Israel

Israel is an expensive country to live in due to a number of factors, including a strong currency, high taxes, and a relatively small economy. As a result, the cost of goods and services is often higher in Israel than in other countries.In addition to these factors, the cost of living in Israel can also be affected by the specific city or region you live in. For example, Tel Aviv is one of the most expensive cities in the world, while some smaller towns and rural areas are more affordable.

3. United States

The high cost of living in the United States can be attributed to factors such as exorbitant healthcare expenses, inflated housing prices, and the overall higher cost of goods and services compared to many other nations, placing a financial burden on residents.

2. United Kingdom

The UK capital is known for its exorbitant property prices, high rental rates, and a cost of living that surpasses many other cities in the world.

1. Hong Kong

Topping the list of the most expensive housing markets in the world is Hong Kong. Factors such as transportation, dining out, groceries, and entertainment contribute to the overall expenses. The city is known for its vibrant lifestyle, but the associated costs can be significant.

Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily enewsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below. You can also check out our articles on 12 High Growth Value Stocks to Buy and 25 Best Countries for a Comfortable Retirement.