What $1 Million Buys in Global Cities Like New York, Monaco, Hong Hong, London – Bloomberg

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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.

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