Changing cost of prime real estate

A global analysis of the cost of luxury living space by Knight Frank reveals the amount of real estate you can buy for US$1 million


Area (square metres) 	Change in area since 2015 (percent)

Monaco			15 -11.8
Hong Kong		23 +15.0 
London*			31 +40.9 
New York 		34 +25.9
Geneva 			35 -12.5 
Singapore 		36 -14.3 
Paris			42 -26.3 
Los Angeles		44 -32.3
Sydney			45 +12.5
Shanghai		50 +8.7
Tokyo			58 -30.1
Beijing			62 +6.9
Berlin			70 -27.1 
Miami			85 +10.4
Melbourne		87 _
Mumbai			108 +9.1
Istanbul		112 +19.1
Dubai 			185 _
Cape Town		202 -20.8
São Paulo		252 +24.1


*London offers more than 40% more space for your $1 million than in 2015, taking account of price and currency changes

Exchange rates calculated as at December 31, 2020


Source: Knight Frank 15th annual Wealth Report 
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