The summer of 2020 has been one of the hottest and driest on record in many countries around the world. This has caused a surge in real estate prices in some countries, as investors look to buy property and obtain a temporary residence permit. The UK and US housing markets have experienced a sharp rebound in sales and prices in the third quarter due to the coronavirus pandemic, but which country has the highest housing prices?New Zealand, Australia, Canada, and much of Europe are all known for their high housing prices, but none of them make it into the top 10. Instead, the countries with the highest housing prices are Monaco, Hong Kong, Singapore, Switzerland, Luxembourg, Japan, Taiwan, South Korea, Israel, and the United Arab Emirates. Monaco is known for its luxurious lifestyle and high-end real estate market.
It is one of the most expensive places to buy a home in the world. Hong Kong is another expensive place to buy a home due to its limited land supply and high demand from investors. Singapore is also known for its high housing prices due to its booming economy and strong currency. Switzerland is another country with high housing prices due to its strong economy and low taxes.
Luxembourg is also known for its high housing prices due to its strong economy and low taxes. Japan is another country with high housing prices due to its strong economy and low taxes. Taiwan is also known for its high housing prices due to its booming economy and strong currency. South Korea is another country with high housing prices due to its strong economy and low taxes. Israel is also known for its high housing prices due to its booming economy and strong currency.
The United Arab Emirates is another country with high housing prices due to its booming economy and strong currency. Over the past five years, homes in these countries have sold out at a record rate of one month from the time the property was put up for sale. This shows that despite the coronavirus pandemic, these countries still have some of the highest housing prices in the world.
