If you have plenty of wealth (or dream of getting there one day) and are looking to rub shoulders with some of the richest people on the planet, you better be prepared to put your wallet where your mouth is.
There are certain cities around the world where most of the rich folks reside, given their staggeringly high prices and environment.
If you are looking to resettle at one of the most luxurious neighborhoods on Earth, you’ve come to the right place.
When it comes to the favorite destinations of the super-rich, Monaco leads the way, with Hong Kong, New York and London closely following behind.
According to Knight Frank’s Wealth Report 2018, these are destinations with some of the most prohibitively expensive properties worldwide.
Note: The figures below indicate the amount of prime property you could buy for US $1 million (in square meters) in selected cities.
You can buy only 16 square meters of residential property for 1 million USD in Monaco!
Here’s the complete list:
Going by these figures, Dubai and Mumbai are also among the most luxurious destinations where the nouveau riche live. For $1 million, you can get your hands on 92 m2 worth of prime property in Mumbai and about 138 m2 for the same amount in Dubai. Its an interesting contrast if you think in terms of how affluent the two cities are by comparison.
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If you are looking to get the most bang (or at least space) for your bucks, São Paulo, Brazil seems to be the best option, offering 173 m2 of prime real estate for $1 million.
Now that you know which are the most luxurious cities in the world and how many swimming pools you can cram inside the property you buy for $1 million, what seems like your dream destination to retire to?
Source: Statista
