The 2011 Wealth Report, published on 6 April, 2011 by Knight Frank and Citi Private Bank, found the Principality of Monaco to be the most expensive city in the world to purchase property. According the report's global index of luxury home prices, $US65,600 ($63,300) per square metre is the average host of a house or apartment in the tiny European microstate.
The richest property sale to take place in Monaco in 2010 was that of La Belle Epoque, a 1600sq m penthouse, sold by British businessmen Christian and Nick Candy for 240 million Euros. The buyer's name has not been disclosed.
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