Unchanged from last year, European cities take seven of the top 10 spots on the Forbes 2010 World’s Best Places to live list.
This year Mercer ranked 221 global cities (compared to 420 cities last year) on 39 measures that included such things as; social environment, the strength of the economy, the quality of health care, school quality, recreation, theaters and sports activities. This year there was a strong emphasis on political safety and health and Mercer also introduced eco city rankings, which scored countries on how well they promote sustainability and protect their environments such as the quality of water, air quality, sewage removal and traffic congestion. All in all cities were ultimately ranked against New York as the base city; it has an index score of 100.
No one can deny that the effects of the global recession on the local and international housing market. However in the current climate, declining property prices create opportunities for the canny buyer, and striking whilst the market value is low gives buyers a unique chance to catch prime property before it bounces back in value. With the recent Forbes 10 best places to live list, both Knight Frank with their Prime International Residential Index (PIRI) and UK Property Journalist, Marc Da-Silva battled it out to decipher which cities, locations and countries they think are the best investment hotspots of 2010.
Rapper slash hip-hop producer Kanye West has put his Hollywood Hills home on the market for a mere $3,995,000 or the equivalent of €3,185,972.20 in yo yos to be exact. The price is so below the extorted prices of Hollywood and the property world of the celebrities than one media source in the US had to clarify that “no — that sale price is not a typo, it’s missing an extra digit.”
Glenn Close has just listed her ‘condo’ that overlooks Central Park for a nice tidy sum of $11.8m! (or approx €8.6m) When you divide it up its just under $50,000 in monthly repayments – well that’s a few extra noughts added to my current rent!