{"id":292106,"date":"2025-05-13T17:17:31","date_gmt":"2025-05-13T15:17:31","guid":{"rendered":"https:\/\/www.monaco-tribune.com\/2025\/05\/monaco-overtakes-new-york-as-worlds-most-expensive-city\/"},"modified":"2025-05-13T17:19:46","modified_gmt":"2025-05-13T15:19:46","slug":"monaco-overtakes-new-york-as-worlds-most-expensive-city","status":"publish","type":"post","link":"https:\/\/www.monaco-tribune.com\/en\/2025\/05\/monaco-overtakes-new-york-as-worlds-most-expensive-city\/","title":{"rendered":"Monaco overtakes New York as world&#8217;s most expensive city"},"content":{"rendered":"\n<p><strong>At an average of 38,800 dollars per square metre, or 3.88 million dollars for a 100 m\u00b2 flat, Monaco has just been crowned the most expensive city in the world.\u00a0<\/strong><\/p>\n\n<p><a href=\"https:\/\/www.henleyglobal.com\/publications\/wealthiest-cities-2025\"><span style=\"color: blue; text-decoration: none; text-underline: none;\">According to the 2025 report<\/span><\/a><span style=\"color: black;\"> on the world&#8217;s richest cities, recently published by Henley &amp; Partners in collaboration with financial intelligence firm New World Wealth, New York has been relegated to second place with $27,500\/m\u00b2, followed by Hong Kong ($26,300), London ($24,000) and Saint-Jean-Cap-Ferrat ($21,200). The top 10 also includes Paris (in 6th position), Palm Beach, Miami, Los Angeles&#8230; but none of them compete with the Principality.<\/span><\/p>\n\n<h2 class=\"wp-block-heading\" id=\"h-plus-de-40-de-millionnaires-a-monaco\"><strong>Over 40% of millionaires in Monaco<\/strong><\/h2>\n\n<p>The study, which each year analyses local spending and high-end real estate prices (between 100 and 200 m\u00b2), draws a clear conclusion: Monaco is now the world&#8217;s leading refuge for the very wealthy. More than 40% of residents are millionaires, <em>&#8220;the highest rate in the world,&#8221; <\/em>says Henley &amp; Partners. No income tax, maximum security, <a href=\"https:\/\/www.monaco-tribune.com\/en\/2024\/11\/mareterra-most-expensive-real-estate-in-the-world-according-to-financial-times\/\">a luxury eco-neighbourhood<\/a>, yacht clubs, ultra-luxury shops, glamorous social events&#8230; All the ingredients that attract big money.<\/p>\n\n<p>Henley &amp; Partners draws on over a decade of data and monitoring of wealth migration. In their view, the Principality remains the destination of choice for the world&#8217;s ultra-rich, a unique, untouchable and inimitable market.<\/p>\n\n<h2 class=\"wp-block-heading\" id=\"h-la-cote-d-azur-en-force\"><strong>Strong showing by the Riviera<\/strong><\/h2>\n\n<p>While Paris clings on to sixth place, Saint-Jean-Cap-Ferrat, a highly coveted enclave on the Riviera, is ahead in fifth place worldwide. Cannes, Antibes, Nice and even \u00c8ze figure in the top 20. The Riviera&#8217;s ranking confirms the region&#8217;s growing appeal for wealthy individuals in search of prestige and discretion.<\/p>\n\n<p>As for the United States, Palm Beach, Miami and Los Angeles follow New York in the rankings, reflecting a highly concentrated luxury property market. But none can compete with Monaco, whose record prices are unparalleled elsewhere in the world.<\/p>\n\n<p class=\"related\"><a href=\"https:\/\/www.monaco-tribune.com\/en\/2025\/05\/monaco-salaries-median-earnings-of-e3339-in-2024-but-who-earns-the-most\/\">Monaco salaries: median earnings of \u20ac3,339 in 2024 &#8211; but who earns the most?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>At an average of 38,800 dollars per square metre, or 3.88 million dollars for a 100 m\u00b2 flat, Monaco has [&hellip;]<\/p>\n","protected":false},"author":80,"featured_media":291787,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[247,243],"tags":[3184],"post_sectags":[],"post_format":[2465],"class_list":["post-292106","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-news","tag-real-estate-en","format-in-brief"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.8 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Monaco overtakes New York as world&#039;s most expensive city<\/title>\n<meta name=\"description\" content=\"At an average of 38,800 dollars per square metre, or 3.88 million dollars for a 100 m\u00b2 flat, Monaco has just been crowned the most expensive city in the\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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