When it comes to the greatest number of properties costing £3m ($4.2m) or more for sale per square kilometre in one city, Monaco by far ranks as the world’s hottest spot for super-rich homebuyers, followed by Paris, New York and London.
Research by high-net-worth mortgage broker Enness Global highlighted which areas of the global prime market present the best options for high-end homebuyers.
Enness analysed the market across 15 “property playgrounds of the super-rich” and found that with 216 homes priced at £3m or more listed for sale and an approximate size of just 2.02 square kilometres, there are 107 high-end homes for sale per square kilometre in Monaco.
Meanwhile, Paris ranks second. It has some 586 homes listed for sale at £3m or more. With an estimated size of 105.4 square kilometres, there are currently 5.6 prime homes listed for sale per square kilometre.
New York comes in just ahead of London with 2.4 prime homes for sale per square kilometre.
With 2,689 homes listed at £3m or more, London is home to the largest level of prime stock for sale in the current market. However, with this stock spread across a city of 1,572 square kilometres, it equates to just 1.7 prime properties per square kilometre.
Mykonos rounds out the top five in the rankings, with 1.6 prime homes for sale per square kilometre, while Venice and Aspen sit at the bottom of the chart.
