When looking at market trends for Real Estate, some European cities and neighborhoods jump out as the most expensive to purchase a home in. Many of these top-euro destinations are mostly sought after for secondary residence, some being places where to escape everyday life, and others places that immerse visitors in culture, leisure, and exciting activity. Properties at these exclusive locations are unattainable for most, however, some of them may become accessible to clients through the Secconda co-ownership system.

Today we list the 15 most expensive cities or areas in Europe, from least to most costly.

15. Rome, Italy

The Italian Capital and most populous city is well known for it’s impressive heritage sites, 28-centuries-long history and unparalleled beauty. With iconic sites such as the Trevi Fountain and the Roman Coliseum, Rome is a premier city for the culture, art, architecture, and archeology inclined. Access to Vatican City, the seat of the Catholic Church, is only possible from within Rome.

The Piazza di Spagna, with it’s remarkable 135-step staircase, denotes the most expensive neighborhood in the city. Within close proximity of most major monuments and museums, the area hosts seventeenth and eighteenth century villas offering views of the plaza and central Rome. The Italian and global elite congregate to shop, dine, and attend art galleries in the neighborhood.

14. Marbella, Spain

Situated at an optimal spot on Spain’s southern Costa del Sol facing the Mediterranean, Marbella is unique in that it has kept much of it’s original population and traditions while welcoming foreigners. With the Sierra Blanca mountains in the background, residents relish in the over 20 kilometers of sandy beach that make home to resorts, hotels, villas, luxury homes, and golf courses. Marbella’s Puerto Banús marina is home base for a number of private yachts, and is surrounded by spectacular nightclubs, fine dining, and elegant boutiques.

Notably affluent, the Urbanización Santa Margarita contains exquisite villas and mansions, kept secure by a gated entrance. Aside from splendid homes the development hosts all manner of exclusive dining, shopping, and entertainment.

13. Zurich, Switzerland

The global heart of the world of banking and finance, the city of Zurich in Switzerland is amongst the most expensive in the world. It lies at the northern end of Lake Zurich, the banks of which carry some of the most expensive real estate in Switzerland. The cityscape benefits from historical limitations on the construction of high-rises, leading to a pleasant and comparatively flat view that allows residents to enjoy blue skies, green hills, and accessible panoramic views. The city is rich in museums and art collections, but also offers much in the world of sports. FIFA and The International Ice Hockey Federation are both based in the city.

Lake Zurich itself boasts clean waters that feed the city’s water system. The baths and beaches are constantly visited by the local elite and tourists from abroad.

12. Mallorca, Spain

The second Spanish Mediterranean beach-town on this list, Mallorca is a Balearic Island renowned for its white sand beaches and pine-forest mountains. With historic architecture, Moorish and Roman vestiges, flower fields, and orchards, Mallorca has something for every vacationer. Cheerful, exclusive, and cosmopolitan, Mallorca serves as a meeting point for the global elite seeking to relax in the sun, dance at night, or sail the sea.

Port d’Andratx, a natural port, stands as one of the most remarkable spots on the island and the surrounding area is notable for its steep home prices. Initially a fishermen village, the port is one of the most beloved touristic spots in the country, catering particularly to lovers of sailing through the Sailing Club of Andratx.

11. Munich/ Lake Starnberg, Germany

Munich is a world leader in finance, publishing, innovation, and business, with a remarkable standard of living. Constantly ranked as the most livable, or among the most livable cities in the world, it is considered an alpha-world city, ensuring a mix of cultures and ideas. Munich has been noted for its prosperity, speedy growth, and plethora of attractions. Munich is significant in the worlds of sports and culture, with excited tourists pouring in for the annual Oktoberfest celebrations. While several expensive neighborhoods can be located within the city, perhaps the most expensive part is found outside, in the neighboring town of Starnberg.

Only 25 kilometers to the south of the city lies Lake Starnberg, a necessary destination for German high society. Much of Munich’s elite circles spend weekends by the lake, enjoying a boat ride or dining on the shore. Homes in the town of Starnberg can be among the priciest in Germany.

10. Vienna, Austria

Constantly ranked among the top spots for highest quality of life, Austria’s capital is most fondly remembered as the City of Music, serving as home city to classical musicians including Beethoven and Mozart. The city features Medieval and Baroque architecture, and hosts a wide range of high quality theaters and opera houses. Also noted for its remarkable urban planning, moving around and enjoying Vienna has been historically easy. Also worth noting, Vienna continues the long lost tradition of 19th century balls, hosting over 400 of them each year. These all night cultural events attract the world’s nostalgic elite and eager debutantes.

Top-euro homes in Vienna are usually located in the city center. The Golden U of traditional shopping streets offers exclusive jewelers,designers, and global luxury brands, as well as coveted residences along the Graben, Kärntnerstraße, and the Kohlmarkt.

9. Kampen on Sylt, Germany

Next on the list of expensive European cities is the seaside resort on the island Sylt. Kampen is home to art galleries and studios, as well as charming little cottages, and a 10 hectare nature reserve dedicated to the preservation of water fowl. Kampen has traditionally served as a luxury getaway destination for the elite of Germany, but is more recently attracting foreigners as well.

The island village mostly contains thatched-roof cottages with steep price tags that ensure privacy and a certain degree of removal from busy city life. Among the village’s most expensive areas is the street of Hobookenweg, near the water.

8. Paris, France

The City of Lights is unsurprisingly one of the costliest in Europe. It has been one of the most significant European centers of diplomacy, fashion, art, gastronomy, science, and politics. With some of the world’s most amazing museums and architecture, Paris never ceases to attract global attention. The elite of the world flock to Paris for its Fashion Week and other events.

The most expensive homes in the city belong to the 7th arrondissement, where one can find major Parisian attractions such as the Eiffel Tower and the Musée d’Orsay. It has hosted the French upper class since the 17th century when it began serving as the preferred residential neighborhood for the nobility. Alternatively, homes in the 8th arrondissement along the Avenue des Champs-Élysées, may also reach the highest price tags, being found on what is constantly described as the most beautiful venue in the world.

7. Gstaad, Switzerland

Gstaad is a German-speaking town in southwestern Switzerland best known as a major ski resort for the international high society. Visitors hail from around the world, due to the considerably large ski area of 220 kilometers in aggregate slopes. The town center has a charming promenade with delicious restaurants and elegant shops. Gstaad hosts a number of festivals and sporting events, attracting tourists not only to its expensive ski chalets, but to parties and festivities unlike any others.

Due to building restrictions, larger chalets often come at a steep premium price. Some of the most expensive real estate in the town can be found on and around Oberbort, the hill that houses the largest lots and the Palace hotel.

6. Geneva, Switzerland

The capital of Switzerland lies at the base of Lake Geneva, where it meets the Rhône. Known as a bastion of human rights, the city contains the headquarters of the Red Cross and several U.N. agencies. Although noted for its high cost of living, the city is constantly ranked among the most livable. Reportedly, real estate buyer demand often comes from Swiss and foreign individuals who reside outside of the country’s borders.

The most expensive neighborhoods are those on the banks of the lake, particularly Eaux-Vives and the small enclave of Cologny. Eaux-Vives is sought for its access to Parc de La Grange and beautiful views, while Cologny offers a more private and isolated community of villas with lake views.

5. St. Moritz, Switzerland

St. Moritz is one of the most exclusive high Alpine resort towns in Switzerland. Lying on the southern area of the Albula Alps, and overlooking the glaciated valley of the Upper Engadine, the town also provides access to the beautiful Lake St. Moritz. Remarkably, the area benefits from more than 300 sunny days each year. During the winter the town hosts the White Turf, a horse race over the frozen lake that attracts global attention. Considered a winter vacation destination for the upper class, the main activities include skiing, snowboarding, and sledding.

Within the resort town the most coveted homes can be found on Via Suvretta, which has at times become Switzerland’s most pricey residential street.

4. Côte d’Azur (French Riviera), France

On the southeast corner of France lies some of the most beautiful coasts in the world. While not just one city, the area marks itself as an overall contender for some of the most expensive real estate in Europe. Traditionally thought of as covering the coastal area from Saint-Tropez to the Italian border, the Côte d’Azur is home to the very first modern resorts. The Principality of Monaco, which appears later on in this list, is actually a semi-enclave within the French Riviera. With a long history in tourism and hospitality dating back to the 18th century, the Côte d’Azur has attracted royalty and aristocrats from around the world throughout modern history, a well as writers and artist of renown.

Some of the most expensive homes in the region are found in the fishing village of Saint-Jean-Cap-Ferrat. Residents enjoy lush greenery, rocky beaches with crystalline waters, and the proximity to Monaco, Cannes, and famous resorts. Thanks to its agreeable climate, incredible vistas, and the commonplace use of yachts, the quiet village has attracted the attention of the global ultra-wealthy. The real estate sector has been notably fluid in the last few years, with a significant number of properties serving as second homes.

3. London, United Kingdom

The capital of the United Kingdom is a historic city on the banks of the River Thames that has stood in place for over two millennia. It is one of only two global cities in the world, the other being New York, and therefore plays an enormous role in setting global trends, influencing markets, pushing research, and developing new business models. The city is home to the British Royal Family, and the second highest number of billionaires in a European city. Diverse and dynamic, London offers entertainment, culture, and leisure for all.

The most luxurious and expensive real estate in London can be found in Knightsbridge, which hosts flagship stores for a number of fashion houses and designers, as well as the world-famous department stores Harrods and Harvey Nichols. The neighborhood contains some of the best art and antiques shops and auctions, as well as exclusive restaurants and nightclubs.

2. Monte Carlo, Monaco

Within the Principality of Monaco, the city of Monte Carlo lies at the base of the Alps and along the French Riviera. Most recognizable for its famous Place du Casino, where fortunes are made and lost. Monte Carlo’s beauty is evident on every corner, and its spectacular visitors make for a worthwhile trip every time.

The most expensive homes are located along the Avenue D’Ostende, the principal traffic artery of the city, running along the northern side of Port Hercule and granting delectable views of The Rock of Monaco monolith and the sea.

1. Sardinia, Italy

Sardinia is the second largest island in the Mediterranean, and presents a unique diversity of ecosystems including mountains, forests, plains, sand beaches, and rocky ones as well. Due to its wide range of flora, fauna, and natural areas it has historically been thought of as a micro-continent. With over 2,000 kilometers of coastline, Sardinia hosts a number of exclusive residences with fantastic views. Sardinia has a high quality of life, and its residents have an above average life expectancy, sharing the highest rate of centenarians–those who reach 100 years of age or more– with the Japanese island of Okinawa.

The top-euro homes of Sardinia are adjacent to Romazzino Bay in Porto Cervo, with residential costs making it the most expensive location in the European continent. Porto Cervo often houses some of the most impressive and biggest luxury superyachts from around the world.