$1 million can buy you only 16 m2 of property in Monaco

  • by Ahmed Mamdouh
  • March 8, 2019, 13:51 AM
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When it comes to the highest meter square price of luxury property on the planet, Monaco reserved its top place in 2018.

Knight Frank’s 2019 Wealth Report showed that $1 million can buy you only 16 meter squares of property in the tiny Principality of Monaco, where Monte Carlo has maintained the highest millionaire density of any destination on earth.

Hong Kong emerged in the second place, with $1 million getting just 22 meter squares of prime real estate, followed by New York and London.

A cheaper option was found in Brazil’s Sao Paulo and South Africa’s Cape Town, as $1 million can secure 200 meter squares and 177 meter squares of property respectively.

Ahmed Mamdouh

Ahmed Mamdouh is the head of the English Fundamental Analysis at Ofeed.com, with 11 years of experience in the financial markets. Mamdouh holds a Master’s Degree in Economics from the American University in Cairo and a Bachelor Degree in Economics from the Faculty of Economics and Political Science, Cairo University.

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