When it comes to luxury real estate, a million dollars goes a lot further in some places than it does in others.
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.
In Cape Town, on the other hand, $1 million will buy more than 14 times that much space.
The chart, below, gives a great visualization of what $1 million buys in various luxury housing markets around the globe.
via Business Insider.
Here is a different look at the data. At the high end of the spectrum, luxury real estate in Monaco costs $6,800 per square foot. In Cape Town, however, it's just $470 per square foot. See the full range of prices in the table below.
