Moscow. Floor area per $1 million: 43 sq.m.
Moscow, capital of the Russian Federation it seems is still reeling from the global recession, with a less than encouraging housing market. But still this vibrant city is hailed as one of the most expensive city to buy property in. An average price per square meter of $13,910. Before the financial slowdown, Russia had witnessed an incredible real estate boom with primary market prices rising by a staggering 362%. Moscow is ranked as one of the most expensive cities in the world and the city with the most number of billionaire residents in the world. Russia allows both nationals as well as foreigners to acquire land properties. Moscow offers the extremely elegant and prestigious luxury homes around the streets of Ostozhenka and Yakimanka.