The world's most expensive real estate market, according to a recent survey by the Global Property Guide, is Monte Carlo. Named "Mount Charles" after Prince Charles III of Monaco, Monte Carlo is a northern district in the city-state of Monaco and is home to the Opera de Monte-Carlo, the renowned Hotel de Paris and the greater portion of the Circuit de Monaco, where Formula One drivers race in the Monaco Grand Prix.
Real estate in this land of luxury cost an average of ,578 per square meter, according to the Global Property Guide's 2009 report.
Monte Carlo was followed by Moscow, Russia at less than half that price—,853 per square meter—and London, England at
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