Submitted by Taps Coogan on the 14th of March 2018 to The Sounding Line.

Ever wonder how much property one can buy with $1 million in the world’s major cities? As the following graphic from Statista reveals, the price of prime residential real-estate varies greatly, even among the world’s biggest and most desirable cities. The most expensive prime real-estate in the world can be found in ultra-rich Monaco where $1 million buys an astonishingly small area of just 16 square meters. Hong Kong and New York are barely more affordable with $1 million buying 22 and 25 square meters respectively. At the other end of the spectrum, $1 million buys a palatial 173 square meters in Sao Paulo or 157 square meters in Cape Town, though in the later you may want to invest in a cistern as the city is running out of water.

If cities aren’t your thing, there’s good news. $1 million dollars can buy roughly 394,000 square meters in Tennessee’s Unicoi County or roughly two million square meters in Clay County Arkansas, some of the cheapest land in the US.

You will find more infographics at Statista

P.S. We have added email distribution for The Sounding Line. If you would like to be updated via email when we post a new article, please click here. It’s free and we won’t send any promotional materials.