Prices of real estate in the world

According to Knight Frank, the average price of real estate in the world following:
1. London (UK) - 36825 € / m2 (change over year +30.8%)
2. Courchevel (France) - 35.000 € / m2 (+5.0%)
3. Monaco - 32.500 € / m2 (+25.0%)
4. Paris (France) - 15.500 € / m2 (+10.4%)
5. Moscow (Russia) - 13.250 € / m2 (+35.0%)
… 11. Mallorca (Spain) - 6.325 € / m2 (0.0%)
… 15. New Zealand - 4.300 € / m2 (+12.0%)
16. Cyprus - 4.250 € / m2 (+12.0%)
17. Silver Coast (Portugal) - 4.150 € / m2 (+5.5%)
… 19. Croatia - 2.555 € / m2 (+10.0%)
… 22. Black Sea, Bulgaria - 1.350 € / m2 (+22.0%)

Initially, we thought, where they have such prices?
We decided to analyze the real estate market themselves in Europe to see the prices of these flats.
In Paris you can buy 2 - room apartment for 400-500 thousand euros (about 6-10 thousand € / m2). In the luxury property specified price may exceed € 15500 / m2.
In Moscow, in fact, prices of apartments located next to the subway and not on the outskirts of the city, rose to 5000-7000 € / m2. Prices of real estate luxury exceed € 10000 / m2.
At the same time, if we look at the prices of real estate in Bulgaria on the Black Sea coast, the average price probably will be about 1000 € / m2. Apartments for the first coastline and luxury real estate 1500-2500 will cost € / m2.
Therefore, the company recorded Knight Frank has a lot of inaccuracies. Logically, that they did an analysis of luxury property, but in this case, a number of brochures inflated, a number underestimated.
But you will notice that the price of real estate on the shores of the sea are very different. If Knight Frank operate figures, in 1350 Bulgaria is € / m2, in Portugal - 4150 € / m2, Cyprus - 4250 € / m2, in Spain - 6325 € / m2.

In the record company Knight Frank missing USA. Apparently, the company believes that the real estate market is the United States is going through difficult times. Of course, luxury real estate market has suffered least from the mortgage crisis, because for the most secured population crisis struck not so much.

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