Here's What $1 Million Buys In Housing Markets Around The Globe
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According to the latest Wealth Report from real estate consulting firm Knight Frank, Monaco has the most expensive luxury real estate in the world, with $1 million buying just 15 square meters (161 square feet) of prime property - about the size of California's smallest legal apartment.
In Cape Town, on the other hand, $1 million will buy more than 14 times that much space.
The chart below, via Knight Frank, gives a great visualization of what $1 million buys in various luxury housing markets around the globe.
Knight Frank
At the high end of the spectrum, luxury real estate in Monaco costs as much as $6,800 per square foot. In Cape Town, it's as low as $470 per square foot. See the full range of prices in the table below.
Knight Frank
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