We have often addressed the subject of the most expensive cities where to live. Needless to say, the pandemic has turned everything upside down. There have been many changes in the market that we have witnessed. And the real estate sector has not been exempt from these changes. The price index in general, globally, has also changed. After analysing both the luxury segment and the more standard segment in terms of properties to invest in, today we are changing the focus.
We will try to understand together which cities are the most expensive because of Covid. So, if you are also interested in the real estate market during this period, you should definitely read this mini guide. We will show you which are the most expensive cities in the international real estate market at the time of Covid. And maybe, who knows, you will still choose to invest in them!
So if you are ready, we can get started!
Let’s start with the most expensive city of all: Hong Kong. Once again, it seems that the Covid emergency has not affected the first place of the most expensive cities. In fact, it seems that Hong Kong has not undergone much change, in terms of prices, during this period. In a historical moment in which, many realities have decided to decrease prices. Sometimes even devaluing the value of the property itself. This in order to try in every way to be able to sell or to conclude a lease. Probably this did not happen because the real estate market in Hong Kong, is in perennial becoming anyway. Both for a cultural and technological issue, Hong Kong is a dynamic reality, always active to create an offer system able to meet market needs. This result is not surprising.
But Hong Kong is not the only one that has conquered the first position. In fact, this city must share the podium of the most expensive cities, with Paris and Zurich. Let’s analyse them!
Paris achieves the same score as Hong Kong, despite the fact that they are totally different cities. What’s amazing is that. That is, belonging to two diametrically opposed realities and traditions. Probably, Paris, particularly affected by the Covid emergency, needed to keep property prices high so that it could at least float during these critical times. The situation in Zurich is similar. It has always been one of the most expensive cities in the world. Although, in proportion to the high level of prosperity and cost of living in Switzerland, it does not exceed average prices as much. In short, we are talking about three realities that have so much to offer but at the same time do not give up in such a difficult historical moment.
So, after our analysis, how do you feel about the international real estate scene? Were you surprised by the result that emerged? And yet, would you like to live in one of these cities despite being among the most expensive in the world? If you liked this mini guide, we suggest you to follow us on our portal to discover more!
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