Monaco was the leading city in terms of most expensive luxury real estate worldwide in 2023. One million dollars could only buy 16 square meters of luxury property there. In London, the same amount of money could purchase 33 square meters of luxury real estate. In Tokyo, one million dollars was enough to buy 64 square meters of prime real estate in 2023.
Luxury real estate – additional information
Real estate is considered 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.
Size of luxury property that one million dollars could buy in selected cities worldwide in 2023
(in square meters)
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Knight Frank. (March 14, 2024). Size of luxury property that one million dollars could buy in selected cities worldwide in 2023 (in square meters) [Graph]. In Statista. Retrieved November 22, 2024, from https://www.statista.com/statistics/322281/size-luxury-property-one-million-dollars/
Knight Frank. "Size of luxury property that one million dollars could buy in selected cities worldwide in 2023 (in square meters)." Chart. March 14, 2024. Statista. Accessed November 22, 2024. https://www.statista.com/statistics/322281/size-luxury-property-one-million-dollars/
Knight Frank. (2024). Size of luxury property that one million dollars could buy in selected cities worldwide in 2023 (in square meters). Statista. Statista Inc.. Accessed: November 22, 2024. https://www.statista.com/statistics/322281/size-luxury-property-one-million-dollars/
Knight Frank. "Size of Luxury Property That One Million Dollars Could Buy in Selected Cities Worldwide in 2023 (in Square Meters)." Statista, Statista Inc., 14 Mar 2024, https://www.statista.com/statistics/322281/size-luxury-property-one-million-dollars/
Knight Frank, Size of luxury property that one million dollars could buy in selected cities worldwide in 2023 (in square meters) Statista, https://www.statista.com/statistics/322281/size-luxury-property-one-million-dollars/ (last visited November 22, 2024)
Size of luxury property that one million dollars could buy in selected cities worldwide in 2023 (in square meters) [Graph], Knight Frank, March 14, 2024. [Online]. Available: https://www.statista.com/statistics/322281/size-luxury-property-one-million-dollars/
