The expensive district of Mid-Levels is situated on the Hong Kong hill, between Victoria Harbour and the Peak. Characterized by huge towers and affluent residential neighborhoods, Mid-Levels is surrounded by lush areas.
Renowned for being one of the most prestigious locations of the city, it has been a long-time favourite district for expats. Close to downtown but relatively quiet, Mid-Levels is often the perfect choice for young couples and families.
Hong Kong always attracts more foreign investors, and it has a considerable consequence on the real-estate prices, which have skyrocketed in the past few years. In 2014, prices increased by 12% and reached new heights: some luxury properties have been sold 185,000 euros per square meter, despite the legal measures taken by the Government to calm down the housing market. This phenomenon can be explained by the fact that the number of building plot did not rise these past years, which led to a frenetic increase of the existing properties. According to experts, Hong Kong is considered as the most expensive city in the world and this tendency is not ready to change as Hong Kong appeals to Chinese elite and very wealthy foreign businessmen every year.