Let’s explore places where you can stand and consider building exciting things. Land is crucial for cities to function and support various activities, but its cost can be a hurdle for many. This scarcity of Most Expensive Land In The World drives prices up over time. Unfortunately, even high prices don’t ensure you’ll get the plot you desire.
If you’re planning to build a home or a castle, avoid these 10 cities with the most expensive land. The prices are too steep and won’t make your dream place a reality. Experts advise against randomly picking land. Understanding building needs and required space is essential.
List of 10 Most Expensive Land In The World
Beijing:
Beijing is the tenth priciest spot to buy land worldwide. The population’s growth leaves less land for development, particularly due to its strategic location and proximity to the city center. A million dollars only gets you 56 square meters here.
Los Angeles:
LA ranks ninth globally for expensive land. It has become a hub for famous individuals due to its industrial prominence. High demand has made LA dense, leaving little quiet space. A million dollars gives you just 42 square meters.
| City | Key Points | Land per $1 million |
|---|---|---|
| Beijing | Population growth reduces available land; 56 sqm for $1 million | 56 sqm |
| Los Angeles | Industrial capital; dense with little quiet space; 42 sqm | 42 sqm |
| Shanghai | China’s commercial hub; luxury areas; 42 sqm | 42 sqm |
| Sydney | Immigration drives demand; strategic location; 41 sqm | 41 sqm |
| Paris | Global wealth focus; 5% annual home price rise; 39 sqm | 39 sqm |
| London | Rich facilities; prestige; 28 sqm; predicted price rise | 28 sqm |
| New York | Activity and finance hub; 4% yearly price increase; 25 sqm | 25 sqm |
| Hong Kong | Busiest financial hub; limited supply; 21 sqm | 21 sqm |
| Monaco | Tiny size, limited land; 16 sqm in heart of city; rising costs | 16 sqm |
Shanghai:
Shanghai, the world’s most costly land, is China’s commercial heart, driving rapid private wealth growth. Several areas deliberately target luxury, with only 42 square meters available for a million dollars.
Sydney:
Sydney’s land tops the expense charts, driven by immigration, housing demand, and thoughtful government planning. Demand and location dictate the market. One million dollars buys about 41 square meters.
Paris:
The opulent Paris attracts global wealth. Its housing abundance and rising population contribute to a 5% yearly home price increase. With one million dollars, you’ll acquire 39 square meters.
Geneva:
Geneva, known for luxury, transport, and safety, offers pricey land. Property taxes, however, pose a challenge.
London:
London’s rich facilities justify its high price. Owning land here offers prestige. With one million dollars, you can buy 28 square meters. Prices are projected to rise.
New York:
As a hub of activity and finance, New York’s land is in demand. The yearly 4% price increase maintains a secure future. For a million dollars, you’ll get 25 square meters.
Hong Kong:
Busy Hong Kong’s property is sought after due to its financial significance. However, limited supply and high costs place it among the top two most expensive lands. One million dollars only secures 21 square meters.
Monaco:
Monaco’s tiny size limits available land. Even with a million dollars, you’ll only have 16 square meters in the heart of the city. Land costs are predicted to rise, making it a prohibitive choice in the priciest markets.
Remember, selecting land involves careful consideration beyond just cost.
