London. Floor area per $1 million: 25.2 sq.m.
London, the capital of United Kingdom is one of the most progressive metropolitans in the world and as a result has turned into an alluring destination for luxury property seekers. With some of the most bespoke addresses such as One Hyde Park and the widely acclaimed Kensington Palace Gardens, London has become the preferred choice of billionaires such as the likes of Lakshmi Mittal, Roman Abramovich etc. The world’s cultural capital is known to be the safest haven for real estate market especially among foreign investors. With relaxed taxation laws and an increasing demand for luxury real estate, London is currently offering buyers a sustained property rate of $20,505 per sq. meter. Three of the most expensive residential properties in the world is in London, which include a six-storey mansion in Carlton House Terrace. Some of the most expensive houses are located in the west London.
