How Much Home $1 Million Will Buy in the World’s Top Luxury Markets

sirtravelalot / Shutterstock.com

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.)

Read Next
How to Buy a Refrigerator, Step by Step
How to Buy a Refrigerator, Step by Step

I had hours to replace a failing refrigerator. Here’s how I got the perfect appliance at the perfect price in a matter of minutes.

10 Cars That Lose the Most Resale Value After 5 Years
10 Cars That Lose the Most Resale Value After 5 Years

Two types of vehicles are especially likely to see steep plunges in value.

5 Common Medical Expenses That Medicare Won’t Pay For
5 Common Medical Expenses That Medicare Won’t Pay For

Don’t let these health care costs catch you off guard in retirement.

View this page without ads

Help us produce more money-saving articles and videos by subscribing to a membership.

Get Started

Comments

Our Policy: We welcome relevant and respectful comments in order to foster healthy and informative discussions. All other comments may be removed. Comments with links are automatically held for moderation.

Trending Stories