Izdanje Srbija
Serbische Ausgabe
Izdanje BiH
Izdanje Crna Gora
News
What a million dollars buys you in real estate worldwide
Source: eKapija
Wednesday, 10.06.2026.
16:44
Wednesday, 10.06.2026.
16:44
Comments
In Monaco, you can buy only 16 square meters for a million dollars. (Photo: Matthias Mullie/Unsplash)
According to a new Knight Frank Wealth Report, $1 million buys just 16 square meters (about 172 square feet) in Monaco, the world`s most expensive luxury market when measured by price per square meter. That`s a drop from 17 square meters (182 square feet) in 2020.
In Hong Kong, which is in second place, $1 million buys 22.5 square meters, or about 242 square feet. New York seems significantly more affordable compared to London, Singapore and Geneva - for $1 million you get 33.9 square meters, or 365 square feet.
Luxury real estate in most major markets around the world continues to get more expensive as the rich get richer and more mobile, CNCB writes. Last year, prime property prices in the 100 markets tracked by Knight Frank rose by 3.2%, outpacing the 2.9% growth of the standard global housing market.
The Middle East led global luxury growth last year, with prices in Dubai in the United Arab Emirates expected to rise 25% in 2025 and nearly 200% over the past five years, the report said. Tokyo was the biggest surprise in 2025, with a 58% price increase. Manila, Seoul and Prague also recorded strong growth.
For future growth, Knight Frank lists Mumbai, Brisbane, Miami and Hong Kong as future "hot" luxury real estate markets. The report notes that the ultra-rich are more mobile than ever, buying homes all over the world and moving cities more often.
-Rising taxes and increasing regulatory pressures are accelerating global capital mobility. As a result, established centers like London are moving to a "come-go" model: places where people stay for work, culture and connections, not necessarily as a permanent residence, the report said.
Liam Bailey, global head of research at Knight Frank, said the best-looking luxury property markets have limited supply, with strong lifestyle and tax appeal. Miami, Milan and Dubai, for example, have favorable tax conditions. New York and London attract the wealthy because of lifestyle and business concentration, but become less attractive because of taxes.
- Any market looking to attract UHNW (Ultra High Net Worth) capital in the next decade must be positioned at an attractive point on the tax curve. Capital is already moving from environments with high "frictions" to jurisdictions that are actively attracting wealth - said Bailey.
Click here to see the entire Special Edition Newsletter
"TRUSTED SQUARE METERS - Market in full swing"
read more
Comments
Your comment
Naš izbor
Most Important News
Full information is available only to commercial users-subscribers and it is necessary to log in.
Pratite na našem portalu vesti, tendere, investicione projekte, grantove i pravnu regulativu.
Registracija na eKapiji vam omogućava pristup potpunim informacijama i dnevnom biltenu
Naš dnevni ekonomski bilten će stizati na vašu mejl adresu krajem svakog radnog dana. Bilteni su personalizovani prema interesovanjima svakog korisnika zasebno,
uz konsultacije sa našim ekspertima.