(Bloomberg) -- Monaco's luxury homes have overtaken Hong Kong's to become the most expensive in the world. Prime property values in the principality have surged 180 percent in a decade to 41,400 euros ($45,000) a square meter, more than double the 70 percent growth rate for similar London properties, according to data from Savills Plc. The average sale price of an existing home in Monaco was 4.3 million euros in 2016.
To contact the reporter on this story: Sharon Smyth in London at ssmyth2@bloomberg.net.
To contact the editors responsible for this story: Neil Callanan at ncallanan@bloomberg.net, Andrew Blackman, Christian Baumgaertel
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