Knight Frank's annual Wealth Report reveals the least affordable global cities through to the most affordable, with Monaco and São Paulo coming bottom and top respectively in terms of relative value. 

In Monaco, the world’s most expensive city on a per-square-foot basis, $1 million gets you 162 square feet of prime real estate. 

Hong Kong ranked as the second-most-expensive city, with $1 million buying 226 square feet. London  ranked third with 323 sq. ft., while in New York City, $1 million buys 344 sq. ft.

The report defines “prime” property as “the most desirable” in a city, or in the top 5% of market value. So you can find cheaper property in each city. But the “prime” property measure is useful for looking at the costs of property for the luxury buyers.

The least expensive city in the world for luxury buyers is Sao Paulo, Brazil, where $1 million gets you a whopping 2,174 sq. ft.

The next cheapest is Cape Town, South Africa, where you get over 1,800 square feet for your million.

Via CNBC  & Knight Frank 

Here's what $1 million buys you in real estate on PropGOluxury