A million bucks just doesn’t buy what it used to when it comes to luxury homes around the world.
It barely covers a studio apartment in the most sought-after markets.
By contrast, $1 million could get you around a 5,000-square-foot home with five bedrooms and three bathrooms in a near suburb/central corridor of St. Louis.
“So much house, only in St. Louis,” said Susan Schiff of RE/MAX Results.
Compiled from international research by Christie’s, Sotheby’s, Knight Frank and recent home listings, here are the top 25 luxury markets, how much square footage $1 million will buy, what that could look like and what you’d spend for a top-notch property in each location. (Prices converted to U.S. dollars.)