From Realtor Magazine Online, Daily Real Estate News February 21, 2008
The declining dollar is making it more expensive for Americans to rent homes in the centers of world commerce. Rent for a two-bedroom, unfurnished apartment in a neighborhood that residents consider good, but not premium, has escalated about 3 percent to 6 percent in the last year while the dollar has declined a record amount, leaving many renters facing what feels like a 30 percent rental increase.
Here are the top-10 most expensive city housing markets in the world:
- Hong Kong, $6,398 a month
- Tokyo, Japan, $4,102
- Moscow, $4,000
- New York City, $4,000
- London, $3,889
- Seoul, $3,425
- Geneva, $2,840
- Beijing, $2,840
- Paris, $2,634
- Osaka, $2,564
Source: Forbes, Matt Woolsey (02/12/2008)
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