The World's Most Valuable Real Estate Markets: Knight Frank, Citi (PHOTOS)

After a historic real estate crash, we're all understandably wary about investing in property. For those in the position to spend serious amounts of money on property, however, the world's great cities seem to have lost little of their luster.

With the markedly affluent buyer in mind, Knight Frank and Citi Private Bank have put together an in-depth look at the world's most attractive real estate markets. Their annual Global Wealth Report ranks the world's leading cities on several factors, including economic activity, political power (always a plus for the rich buyer), knowledge and influence (who wouldn't want more of that?) and quality of life.

The result is a composite look at the cities that will be attracting the biggest share of high-net worth individuals -- 71 percent of whom, according to the Global Wealth Report's survey, say 2010 will be a good year to invest in real estate.

With that mild bit of reassurance in mind, check out the world's most valuable real estate markets below:

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#11 Chicago

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With its large number of universities, Chicago, which dropped one place, from tenth in 2009 to eleventh in this year's report, scored particularly well in the knowledge and influence category.

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With its large number of universities, Chicago, which dropped one place, from tenth in 2009 to eleventh in this year's report, scored particularly well in the knowledge and influence category.

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Comments

[Nvek1969]

10:30 AM on 04/10/2010

The most widely quoted list that I've found on the net puts them in this order:

1. Monte Carlo, Monaco – $47,578
2. Moscow, Russia – $20,853
3. London, England – $20,756
4. Tokyo, Japan – $17,998
5. Hong Kong – $16,125
6. New York, USA – $14,898
7. Paris, France – $12,122
8. Singapore – $9,701
9. Rome, Italy – $9,166
10. Mumbai, India – $9,163

In terms of "Real Estate vs Average Income" the top two are 1. Vancouver and 2. Sydney

[Dredd]

07:48 AM on 03/31/2010

U.S. commercial real estate has become a siren song.

50% of commercial real estate mortgages will go underwater this year.

http://blogdredd.blogspot.com/2010/03/bring-economy-home.html

[jcd8822]

10:23 PM on 03/30/2010

There is a difference between want to invest in a city and wanting to live there.

[evgolightly]

05:42 PM on 03/30/2010

Having lived in NY for 11 years I can vouch for how claustrophobic this city makes me feel.

Glad to be splitting my time between NY and Florida now. Quality of life in NYC is the pits, but I still, strangely, can't quit her.

[who38]

04:32 PM on 03/30/2010

Like Chicago, I might want to invest, but I wouldn't want to live there. But, isn't ....Would you want to live there?....the first question to ask yourself before investing?

[niceradz]

04:07 PM on 03/30/2010

Where is Monaco?

[ClassyAndFun]

03:25 PM on 03/30/2010

Where is Vancouver?

[AmandaBC]

03:57 PM on 03/30/2010

My thoughts exactly.

[overcat]

04:08 PM on 03/30/2010

This list is oddly skewed. Perhaps there are limiting criteria used for the cities that the article doesn't mention. There are several cities with more expensive real estate than those mentioned that aren't on the list.

[otterbabi1]

01:51 PM on 03/30/2010

I'm suprised the American Riviera - Santa Barbara, CA & Montecito, CA aren't on the list. Our median price for a little, itty bitty, tiny home is over $1M.

[deluk]

03:35 PM on 03/30/2010

Well in that case Dorset should be there.

http://www.overseaspropertymall.com/property-type/celebrities-property/the-fourth-most-valuable-property-in-the-world-sandbanks-dorset/

[DadaVu]

01:48 PM on 03/30/2010

Let's see now...the Berlin photo is really Franfurt AND I know for a fact that the supposed Beijing photo is actually Chongqing. So who vet's these things?

[skymuffin]

03:58 PM on 03/30/2010

Some underling in a windowless cubicle.

[foratag]

11:36 AM on 04/01/2010

that IS Berlin, Dada.....maybe you should "vet" yourself

[jymfrancais]

12:22 PM on 03/30/2010

I'm not surprised Paris is n.2...... i live there and my monthly rent can prove that also.

[badger2196]

12:41 PM on 03/30/2010

err, it is number 3

[Markus Roder]

11:43 AM on 03/30/2010

Dear HuffPo,

Picture 8 is a shot of my beautiful Frankfurt (am Main), not of architecturally challenged Berlin ;). Kudos to kmeuse for noticing despite (I assume) not living there...

And don't get me wrong, I love the Berlin, too... but I'll have to assume that the real estate valuation comes from its capital status, culture, night life, growth prospects, international status and other such factors... not from the endless rows of 5-story buildings ;).

[JLivermore]

11:28 AM on 03/30/2010

I have not read the report, but one has to be aware that this report was put together by Citigroup, a major real estate holder in New York.

[davesf]

12:18 PM on 03/30/2010

Perhaps that's why SF isn't on the list!

[JScott]

11:13 AM on 03/30/2010

Interesting that this is without regard as to whether the gov't authorities are capitalist democratic socialist or communist/oppressive because there are all of these types here......
bottom line it's all about the money.

[kmeuse]

10:45 AM on 03/30/2010

That's a picture of Frankfurt not Berlin numbskulls.

[deluk]

11:22 AM on 03/30/2010

I think you're right.

[bella citta]

10:43 AM on 03/30/2010

How can I take this seriously without even a nod to Branson, MO.

[jcko]

11:00 AM on 03/30/2010

Start singing "Moon River".

[isaidit]

11:33 AM on 03/30/2010

Or Williams, AZ?