Investing in real estate is one thing, but home buying can be an altogether more complex affair. When the search for perfection commences, heart collides with mind as the transaction of a lifetime draws near. But while climbing up the property ladder might be one of the most exciting moves in life as buyers grapple to decide whether “house” has what it takes to become “home,” it also counts amongst the most expensive. And if prices in your local town are on the up, spare a thought for property hunters in Monaco, Hong Kong or London where prime market residences are now the priciest per square meter in the world.
According to the latest research form real estate experts, Knight Frank, prices for top notch properties in the tiny Mediterranean principality of Monaco, ranged between $60,000 and $73,000 per square meter as of December 2013. China and the US lead the way in terms of number of cities, with three apiece ranking amongst the most expensive. Dubai—the only Arab entry—sits in nineteenth with prime market prices varying from $6,200 to $7,500 per square meter.
Bedroom: 4 | Bathroom: 5 | Living Room: 3
At first glance, Chesham Mews looks like a property fit for quaint village living. In reality, the four-bedroom period home lies in the heart of Belgravia, a short walk from London’s Sloane Square, Sloane Street, Knightsbridge and Hyde Park. The double -fronted house is approximately 430 square meters in size and boasts iPad controlled audio/visual equipment, under floor heating, a passenger lift and cinema room. For those with more than $24.6 million at their disposal, Chesham Mews provides the perfect blend of seclusion and inner city buzz.
Miami Beach, USA
$2,500,000 - $50,000,000
For those seeking sunshine and a piece of the American dream, a luxurious apartment inside this imposing building located in Miami’s Faena District, could be for you. Designed by renowned architects, Foster & Partners, the property which comprises a range of one to five-bedroom residences is a manifestation of the vision of Argentinian businessman Alan Faena. Floor to ceiling glass and sliding doors provides indoor-outdoor living, with penthouses including a private elevator and pool.
The Sterling Mason
Bedroom: 6 | Bathroom: 8 | Living Room: 19
At just over 522 square meters, The Sterling Mason offers thirty-three residences in a private enclave located in Manhattan’s iconic TriBeCa district. The area was among the first residential neighborhoods developed in New York and is famed for its large industrial buildings and more recently, the Tribeca Film Festival. Architect Morris Adjimi has transformed this 1905 loft warehouse by adding a metal-clad twin to the edifice to create the optimum in open-plan loft living that combines old and new.
Dhalia, Al Barari, Dubai
United Arab Emirates
AED 15,000,000 ($4 million)
Bedroom: 5-8 | Bathroom: 6-10 | Living Room: 3-5
If you have an appreciation for design, you could do worse than head for 78 Malibu Colony Rd. Designed by architect John Lautner, Steven’s House, built in 1967, is an architectural marvel situated on 37 feet of sandy Malibu Beach. While the well-heeled Californian city of Malibu has long attracted residents and sun seekers from around the world, this property has an attraction of its own. Complete with beach deck, garden and swimming pool, the imposing wood and concrete five-bed structure resembles the waves that lap the shore below.
Park Palas, Khilkov Pereulok, 1
This palatial residential complex situated in Moscow’s Ostozhenka district offers 130 two-bedroom apartments and an array of health, fitness and entertainment facilities from solarium to children’s play area. The residences with an aristocratic edge are located five minutes’ walk from the most prestigious corner of Moscow –The Golden Mile. Weather permitting, the Kremlin, Christ the Savior temple, Museum of Art and Zachat’evsky monastry are all within walking distance, or a short ride on the city’s ornate metro system.
Via Del Babuino,
Rione Campo Marzio Rome, Italy
Bedroom: 1 | Bathroom: 1 | Living Room: 1
At just 60 square meters this one-bed piece of Italy may leave something to be desired where size is concerned, but true to the adage, good things come in small packages—and with potentially high returns for investment-minded property hunters. Whether from its quaint terrace or the streets below, this little gem of a property where Piazza del Popolo meets the Spanish Steps, immerses its lucky residents in the hustle and bustle of life in the heart of Rome.
Du Parc Kempinski Private Residence
Price on application
Nestling within UNESCO-protected vineyards and with Lake Geneva below, this new hotel conversion managed by the Kempinski hotel group offers luxury living with a view to match. The 108 year-old building in the Swiss town of Chardonne has been transformed into a residential complex with 24 two to three-bedroom apartments ranging from 200 to 700 square meters in size. Its use is shifting from holidaymakers to home-makers, but the residence has retained a pampered edge with spa facilities and fitness center including a Givenchy private treatment room.
Apartments Tour Odeon
Price on application
Due to stand at 170 meters on its completion later this year, Tour Odéon is set to become the tallest building to grace Monaco’s glamorous coastline. Specifications for the tower’s one to four-bedroom apartments include 360-degree views of the sea and the Monaco skyline, expansive private terraces, and interiors conceived by leading European designer Alberto Pinto. The cost of French Riviera life from a height is disclosed on application only, but as the cohort of rich and famous inhabitants will attest, it certainly doesn’t come cheap.