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Size of luxury property one million dollars can buy worldwide 2019, by city

The statistic presents the amount of square meters of luxury property that one million dollars could buy in selected cities worldwide in 2019. It was found that one million dollars could buy 16 square meters of luxury property in Monaco in 2019.

Luxury real estate – additional information

Real estate is considered to be one of the best long term investments and it certainly is one of the major investments one might make during a lifetime. As far as luxury real estate is concerned though, only the most affluent individuals or prominent real estate companies can afford to invest in prime properties in the world’s most attractive locations.

Monaco was the leading city in terms of most expensive luxury real estate worldwide in 2019. One million dollars could buy only 16 square meters of luxury property there. In London, the same amount of money could purchase 30 square meters of luxury real estate. In Tokyo one million dollars was enough to buy 65 square meters of prime real estate in 2019.

Size of luxury property that one million dollars could buy in selected cities worldwide in 2019

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Source

Release date

2020

Region

Worldwide

Survey time period

2019

Special properties

results based on responses from almost 900 of the world’s leading private bankers and wealth advisors.

Supplementary notes

All currency calculations are based on the exchange rate on 31 December 2019.

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