When it comes to luxury real estate, a million dollars goes a lot farther in Monaco than it does in Dubai.
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.
Check out the chart at link below provided via Knight Frank, gives a great visualization of what $1 million buys in various luxury housing markets around the globe.
Original article can be seen at http://e.businessinsider.com/view/4cb9d08e52baf1d8a812104a5357f3eea256ab9b1a000122/460672dc