Monaco Tops List of Priciest Global Real Estate Markets; $1 Million Gets You Just 172 Square Feet
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In Monaco, $1 million fetches just 172 square feet of real estate, the smallest amount for that price across 15 surveyed luxury markets.
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Hong Kong came in second smallest at 236 square feet for $1 million, followed by Singapore at 344 square feet.
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London and Geneva rounded out the top 5 smallest square footage for $1 million at 355 and 365 square feet respectively.
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New York City, Los Angeles, and Miami were the only 3 US cities to make the most expensive real estate markets list.
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The threshold for joining the top 1% wealthiest people globally is now $5.8 million in net worth, up 12% from $5.1 million last year.