According to the newly released World Wealthiest Cities Report by Henley & Partners and New World Wealth, Monaco has emerged as the most expensive city globally, with average apartment prices reaching $3.88 million. New York City and Hong Kong follow as the second and third most expensive cities. The report underscores Monaco's status as a safe haven for high-net-worth individuals, with more than 40% of its residents being millionaires, signifying a high wealth concentration in this Mediterranean principality.
Monaco, arguably the world's top safe-haven for the super-rich, where the average wealth exceeds $20 million, is also the top-ranked city in the world on a wealth per capita basis. Over 40 percent of the Mediterranean principality's residents are millionairesâthe highest ratio of any city globally.
Every year, Henley & Partners, in partnership with New World Wealth, releases its World Wealthiest Cities Report, which details global wealth migration trends and ranks cities accordingly.
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