London homes world's most expensive: survey

London beat the glamour of Monaco, New York, Hong Kong and Tokyo to become the world's most expensive place to buy residential property, a survey showed on Tuesday. Residential property in the British capital costs on average 2,300 pounds per square foot, or 36,800 euros (49,889 dollars) per square meter, according to the 'Wealth Report 2007.' That beat nearest competitor Monaco, where property costs an average of 2,190 pounds per meter or 35,000 euros per square meter.

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