According to new research, London contains some of the most expensive locations in the world.
Knight Frank and Citi Private Bank's Weath Report 2007, compares costs per square foot of space at some of the capital's prime locations with similar places in other property hotspots throughout the world.
London comes in at a jaw-dropping £2,230 per square foot compared to Monaco; historically the playground of the super-rich at £2,190, the next highest.
The report charts an index of investable assets around the globe and points to New York as being in third place followed by Hong kong. Tokyo, Cannes, St Tropez and Rome were all in the top ten.
The report went on to say that London had outperformed provincial cities around the country which is a pattern that continues with other major cities around the world.
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