Geneva, Paris, the most costly cities to buy a home

21 Mar 2013 CW Staff

Geneva is one of the most popular cities in Switzerland. Besides its magnificent beauty, Geneva is known as one of the costly city to buy property. It stood at 4th position on the list of most expensive cities to buy a home.

Geneva city offers an average price of $15,388 per square metre on luxury real estate. The interesting feature of Geneva that boosts its real estate market is the low interest rates and also for the famous fact that it maintains anonymity of the property owner, mainly for rich foreign nationals who do not want to reveal their identification.

The city shows healthy real estate movement in lieu of high taxes on rental incomes.

Paris, the capital city of France is an expensive location to buy property. The real estate market here continues to flourish because of stable economic growth. The city is observing healthy real estate movement and is offering an average price of $2350-2600 per square feet.

Moreover, the tax charge on rental income is low for foreign nationals. With friendly property laws and more number of luxury apartments and mansions, Paris becomes one of the most attractive cities to buy property.

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