How many square metres of prime property $1 mn buys across the world

Earlier this year, Knight Frank released 'The Wealth Report' that provides a unique perspective on the issues that are influencing the Ultra High Net Worth Individuals’ investment and lifestyle decisions. The report tracks the growing super-rich population in 125 cities across 89 countries. The report also looks 20 prime city markets around the world, and reveals the square-meter area of prime property that $1 million would buy in each city. The report lists these city markets based on the typical luxury residential value for each city and the exchange rate at the end of 2016
By: Sriparna Samajdar
Published: Aug 20, 2017
How many square metres of prime property $1 mn buys across the world

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1/20
Cape Town
209 sqm

$1 million buys 209 square metres of prime property in the South African city of Cape Town, making it the least expensive one in this list of 20 cities. However, the report recorded that this is 18 percent smaller than the 255 square metres that could have been bought for the same sum in 2015.