How much luxury living space $1m will buy you around the world

Demand for luxury property in the world's biggest cities is continuing to rise, says global property consultancy Knight Frank in The Wealth Report 2015.

The graphic above shows the ten most expensive cities in the world in which to buy prime-location property your $1m will only stretch to 17 sqm in Monaco, whereas it will buy you more than three times that space in the nicest parts of Los Angeles.

Article continues below

Try 6 free issues of MoneyWeek today

Get unparalleled financial insight, analysis and expert opinion you can profit from.

Start your trial

https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.