Knight Frank’s latest Prime International Residential Index has revealed the most expensive cities to buy property in the world, based on how many prime square metres $1m will buy. Here they are.
Shanghai
At number 10 is Shanghai, where $1m will buy you just 46.2 square metres’ worth of luxury property.
Picture: Alamy
Moscow
For $1m, you can buy 43 square metres of upmarket space in Moscow . Apartments in a palatial new residential complex on the Ostozhenka (pictured) are priced from around $2.2m.
Picture: Alamy
Paris
$1m will buy 41.7 square metres’ worth of space in Paris. A typical property would be one of the apartments in this development with private gardens for sale in the heart of Paris’s 7th arrondissement.
Picture: Alamy
Sydney
If you’re thinking of heading Down Under, a luxury property worth $1m will measure around 41.2 square metres.
Picture: AP
New York
In sixth place is the Big Apple, where your cash will buy you a 40.2 square metre property. On the market is The Sterling Mason (pictured), a collection of 22 residences in Tribeca.
Picture: AP
Next up is Geneva, where you can expect to buy 34.7 square metres. The Du Parc Kempinski apartments (pictured) are in UNESCO protected vineyards, overlooking Lake Geneva and the alps.
Picture: AP
Space is tight in lively Singapore, where $1m will only net you 32.6 square metres.
Picture: Alamy
London
Property doesn’t come cheap in London, with $1m only equalling 25.2 square metres. You’ll need considerably more to buy this new mews house in Belgravia (pictured), priced at £14.75m.
Picture: Alamy
Hong Kong
Don’t pack too much if you’re moving to Hong Kong. Here, $1m means a home of 20.6 square metres.
Picture: AP
Monaco
And finally, in first place, is the tiny principality of Monaco. Here, $1m is only equal to 15 square metres of space. We imagine it’ll cost rather more to buy a flat in Tour Odéon (pictured), the tallest building in Monaco, and for which the price is on application.