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Saturday, 7 October, 2000, 16:21 GMT 17:21 UK
Britain's golden riviera
![]() Geoffrey Boycott recently bought a Sandbanks home
A tiny neighbourhood on the south coast has been named the fourth most expensive place to live in the world.
House prices on the two-mile Sandbanks peninsula overlooking Poole harbour in Dorset are higher than in Singapore, New York or Paris. The average price of a two-bedroom flat in Sandbanks means only Tokyo, Hong Kong and central London have more expensive districts to live in.
New York estate agent Corcoran reported the figures in its latest survey of property prices. The most expensive place in the world to live is Shoto in Tokyo's Shibuya district, at £895 per square foot.
Sandbanks properties cost £689 per square foot - more expensive than New York's Fifth Avenue at £627. Tom Doyle, managing director of Sandbanks-based Lloyds Executive and Waterside Properties, said: "It is the most expensive place in the world for an area solely dedicated to leisure. "But so big is the demand to own a part of the peninsula that prices have soared in the last five years. "Many of the properties are just used a few months of the year, but owners pay for the views, beaches and moorings."
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