Here's What It Costs To Live In The 10 Hottest Cities For The Super Rich

BreakingBusinessHere's What It Costs To Live In The 10 Hottest Cities For The Super RichByMary Whitfill Roeloffs,Forbes Staff. Mary Roeloffs is a Forbes breaking news reporter covering pop culture.Follow AuthorApr 23, 2026, 10:06am EDT--:-- / --:--This voice experience is generated by AI. Learn more.This voice experience is generated by AI. Learn more.ToplineUltra wealthy homebuyers are willingly shelling out more than $1 million for a 1,000-square-foot apartment on Rome's Via Veneto, spending more than $2 million for two-bedroom village homes in Mallorca, Spain and continuing to splurge on Upper East Side residences in New York City, according to Knight Frank’s most recent wealth report. Villa Dozzio, a 19th-century villa on Lake Como.LightRocket via Getty ImagesKey FactsThe annual report highlights the 10 hottest housing markets set to outperform in the coming year, including two in the United States: the Upper East Side of Manhattan and Hollywood’s Pacific Palisades neighborhood. Brokers on New York’s Upper East Side, where new condos and pre-war residences can cost upwards of $7,000 per square foot, reported their busiest months on record at the start of 2026 and Pacific Palisades, where legendary film director Steven Spielberg owns a $97 million estate, is surging as the area rebuilds following last year’s devastating wildfires.Italy, with its flat income tax on foreign earnings meant to attract high-net-worth individuals, is shaping into a hot European destination for the wealthy with Rome's famous Via Veneto and Lake Como, where three-bedroom apartments can cost up to $5 million, expected to surge, per Knight Frank. Interest in London's affluent Chelsea neighborhood is growing among domestic and international buyers, particularly Americans, Knight Frank reports, but at a high cost—two-bedroom apartments easily top $2 million and larger family homes list for between $7 million and $13 million. Second-home owners are reportedly eyeing Mallor...