Luxury Lifestyle

Forbes has made a rating of the most overestimated markets of the real estate in the world. First three lines have taken Monaco, and also the European capitals Rome and Paris.
The main parameter which was taken into account was the number of the years, necessary to pay back cost of the real estate. In Monaco it is 74,07 years, in Rome - 50,51 years, and in Paris rent will pay back the invest means in 37,45 years. The similar parameter is used during the estimation of the securities investment appeal. Big numbers says about overestimation of the securities, and in case of the real estate - about market overheating.
Among ten cities are also Spanish Madrid (30,3 years), American Los Angeles (26,88 years), Canadian Vancouver (26,81 years), Austrian Vienna (25,77 years), New Zealand Oakland (25,64 years), Swiss Zurich (25,19 years) and Norwegian Oslo (23,45 years).
Prices for the real estate and rent in 50 financial capitals of the world have been studied during the research. It was supposed that the real estate isn’t bought on credit, is not the basic place of residing of the buyer and is sold after ten years.