What $1 million buys you around the world
March 09, 2020 - Monaco
Knight Frank's annual Wealth Report reveals the least affordable global cities through to the most affordable, with Monaco and São Paulo coming bottom and top respectively in terms of relative value.
In Monaco, the world’s most expensive city on a per-square-foot basis, $1 million gets you 162 square feet of prime real estate.
The report defines “prime” property as “the most desirable” in a city, or in the top 5% of market value. So you can find cheaper property in each city. But the “prime” property measure is useful for looking at the costs of property for the luxury buyers.
Via CNBC & Knight Frank
Here's what $1 million buys you in real estate on PropGOluxury
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