Check out this article in the Global Property Guide: Most Expensive Cities In 2008. This should come in really handy if you’re planning to invest in a flat or a condo. Not surprisingly, London and New York are the top two placers in the race for the most expensive property values. Moscow comes in a close third.
Of course, common sense will always tell us that the most expensive properties are found in the more highly urbanized areas, usually the cities that are centers of government, fashion or business. Not only are the prices of real estate high in these areas, cost of living is usually sky-high as well.
Of course, for those who can cheerfully afford it, owning a flat or a condo in these areas will surely elevate their prestige, and dare I say it, self-worth. Chances are your investment is also secure since these areas are already well-established and property values are less likely to fluctuate.