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What $1 Million Buys in World’s Most Expensive Property Markets
Prices in prime real estate markets remain high with Monaco commanding the most money per square foot.
Monaco tops Knight Frank’s list of prime real estate markets with the highest price per square foot.
Photographer: Andrey Rudakov/BloombergThis article is for subscribers only.
The world’s most expensive real estate market is in Monaco.
A million dollars spent on property located in the glamorous European city-state, known for attracting the world’s rich and famous, fetches just 172 square feet (16 square meters), according to real estate agency Knight Frank. That’s the least amount of space out of at least 30 prime city and second-home markets surveyed. Hong Kong ranked second, at 237 square feet, and Singapore came in third, at 344 square feet.