When it comes to luxury real estate, a million dollars goes a lot further in Dubai than it does in Monaco.
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, South Africa, 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.
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.
See also: The Most Important Cities in the World
TODAY IN SLATE
The World’s Politest Protesters
The Occupy Central demonstrators are courteous. That’s actually what makes them so dangerous.
The Religious Right Is Not Happy With Republicans
How Did the Royals Win Despite Bunting So Many Times? Bunting Is a Terrible Strategy.
Federal Law Enforcement Has Declared War on Encryption
Justice and the FBI really do not like Apple’s and Google’s new privacy measures.
Homeland Is Good Again! For Now.
How White Boy Rick, a legendary Detroit cocaine dealer, helped the FBI uncover brazen police corruption.
How Even an Old Hipster Can Age Gracefully
On their new albums, Leonard Cohen, Robert Plant, and Loudon Wainwright III show three ways.