The Richest of Europe
London has by far the biggest concentration of ultra-wealthy people in Europe, according to a report by high-net-worth research firm Wealth-X—though about 60% of sales go to non-U.K. citizens. There are 5,955 ultra-wealthy individuals in London. This compares to 2,850 ultra-wealthy people in Paris and 1,775 in Zurich. Ultra-high-net-worth individuals can be defined as those with over $30 million in investable assets.
This stretch of Mediterranean coastline in southern France is home to some of the most expensive seaside resorts, including Cannes, considered after Paris to be the most expensive city in France.
The top level locations like the Golden Croisette (between the Carlton Hotel and Film Festival Palace waterfront) are priced up to approximately €38,000 per square meter.
In a league of its own for ultra-prime property. Residential sales have slowed since 2007 but there is still strong demand for ultra-prime apartments in the best areas of Monaco, says Savills, particularly the big apartments in its Golden Square, where several sales took place last year at roughly €20 million.
Savills saw a record sale of more than 50,000 euros per square meter in Monaco last year.
Like London, most of Paris' prime property is historic, with few new developments. The top end of the market in Central Paris is seeing investment primarily from the BRIC economies.
The average rental yield stands at a respectable 4.6%. The city has some of the smallest dwelling sizes but billionaires take up some of the largest spaces here of any other capital, according to Savills.
This is a large resort and residential development in Andalucia, Spain. It includes a world-class golf resort.
Two-bedroom apartments average at around €2,500 per square meter, with a decent rental yield of 4.5%.
The area is popular with high-net-worth investors looking for a holiday home. Wall Street Journal