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Here’s how much prime property you can buy for $1 million in cities around the world

Cape Town: Cape Town, which is currently battling a water crisis has the second most inexpensive housing space in the world. One can buy 1,690 sq ft of prime property for $1 million in the South African city.

Property: Here's what $1 mn can buy you globally

Yahoo India Finance Team
Yahoo! India Finance

If you have $1 million and you are looking to buy a luxury home anywhere in the world, the most value-for-money option would be Sao Paulo, according to the study conducted by Knight Frank.

In Mumbai’s prime localities, the same amount can get a buyer only 1,000 sq ft area. The study cites demonetisation, implementation of Goods and Services Tax and Real Estate Regulatory Authority (RERA) as challenging for real estate market in India. 

Let’s find out what kind of real estate you can buy for $1 million elsewhere in the world:

(Text: Moneycontrol; Image Credits: Getty Images)

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