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What $1 million buys in real estate worldwide

Tuesday, March 20, 2018   /   by Rich Hernandez

What $1 million buys in real estate worldwide

It seems like it wasn’t long ago that putting $1 million into a piece of property could guarantee you’d live in the lap of luxury. Nowadays buyers get comparatively less for their dollar. Next time one of your clients is frustrated about not being able to find a dream home in their price range, help them put that amount of money into perspective:

    • For $1 million, you can buy 172 square feet in Monaco (about the size of a walk-in closet)

    • For $1 million, you can buy 236 square feet in Hong Kong

    • For $1 million, you can buy 270 square feet in New York

Prices in Los Angeles; Cape Town, South Africa, and Sao Paulo, Brazil get progressively more affordable. A whole array of rankings is available for if you want to know what real estate costs all over the world.

The Omni Group
Rich Hernandez
3635 West 5th Street
Oxnard, CA 93035
DRE# 01732845

Based on information from California Regional Multiple Listing Service, Inc. as of March 29, 2020. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.