This is the top of the most exclusive cities in the world.

An exclusive city can be interpreted as an urban space where only certain people can live, access, or enjoy. The reason is often that the cost of living , especially housing, is higher than average.

(Read more: This career is gaining momentum in Colombia, and there are several places where you can study it.)

Faced with this reality, Henley & Partners, a firm specializing in wealth migration, updated its annual report with its ranking of the world's most expensive cities. The list is based on the average price per square meter of a luxury apartment measuring between 100 and 200 square meters.

Below, we present the cities at the top of the ranking.

Monaco

That this small city-state tops the list is no coincidence, as Monaco is considered the world's epicenter of opulence.

To give you an idea, apartments in this area average $38,800 per square meter. Add to that the fact that this area is home to the largest number of millionaires in the world.

New York (USA)

To understand why this city ranks second, just consider that the average price of a luxury apartment in the Big Apple is around $27,500 per square meter. Add to that the fact that New York is home to nearly 384,500 millionaires, who have been captivated by a metropolis that combines financial influence, culture, and a vibrant lifestyle.

Hong Kong

In Asia, the greatest symbol of economic prosperity is undoubtedly Hong Kong, even ignoring the fact that the real estate market has a fairly high price range. For example, the average price per square meter is around $26,300.

(Read more: The Colombian city that needs to prepare for June: It will be the rainiest place in the country)

London (England)

Prices in areas of the UK capital, such as Kensington and Mayfair, are reaching $24,000 per square metre , supported by a strong economy and steady demand.

This is explained by the fact that the city attracts foreign investors who purchase luxury properties, which further increases the market price.

Saint-Jean-Cap-Ferrat (France)

This peninsula is strategically located between Nice and Monaco, two of the most coveted destinations in the south of France. Added to this is the extremely limited real estate offering: only a few mansions, villas, and private estates.

The average real estate market price in this case is 21,200 square meters.

(More news: A popular destination for Colombians is seeking to ban street music and vending)

PORTFOLIO