Central Real Estate ... How much Space Can you Get for a Million Dollars in Global Cities?

Learn about the areas and prices of central real estate in the world 

In our time, a large majority of the population around the world seeks to own central real estate in the prominent global cities. These cities are constantly rising and moving towards a bright future that makes housing and investing in them a dream that any of us may have, but the question remains, what is the price per square meter for these central properties? And what space can I get for a million dollars there, this is what we will tell you in the following article: 

Knight Frank report on Central Real Estate: 

Knight Frank, a global real estate research and consultancy company, recently issued a new report dealing with central real estate in global city centers, which are characterized by vital strategic locations, and are considered first-class cities in terms of housing and luxury real estate in them. According to the report, Monaco ranked first, Who are the remaining nineteen? 

List of the 20 Most Luxurious Cities in the world to Own Real Estate: 

Monaco ranked first in the list, where the buyer gets only 15 square meters for one million dollars at the level of global centers, which prompted Knight Frank to classify it within the red color, which indicates cities with exaggerated prices. 

In second place was Hong Kong with 23 m 2, then London with 31 m 2, followed by New York with 34 m 2, Geneva with 35 m 2, Singapore with 36 m 2, Paris with 42 m 2 and Los Angeles with 44 m 2. 

All of the above countries have been placed on the red list because they are considered cities that exaggerate central real estate prices, and that these countries, when compared to each other, are largely equal in terms of housing, work and investment, but the difference between them is the price. 

Middle-Priced Central Properties: 

In the same list of twenty, the Australian city of Sydney came in ninth place with 45 square meters, followed by Shanghai with 50 square meters, then Tokyo with 58 square meters, Beijing with 62 square meters, then Berlin with 70 square meters. 

Istanbul and Dubai masters central real estate list 

Within the blue area, which indicates reasonable prices by measuring the importance of the city and the standard of living and working in it, the Turkish city of Istanbul headed the list, which the buyer can get 112 m2 for a million dollars, followed by Dubai with 165 m2, then Cape Town with 202 m2 and Sao Paulo at the end of the list with 252 m2. 

Other advantages you get when buying a property with a million dollars in Istanbul : 

The report did not measure the importance of what countries give besides central real estate worth a million dollars in these global cities, but rather measured the value of the property with the importance of the city only! If the report had turned to the advantages that the buyer obtains besides the property, Istanbul would have ranked first in terms of price and side privileges, while those countries grant you the right to residency or golden residency when buying with this huge value on their lands, Istanbul grants Turkish Citizenship to investors with real estate worth 250 A thousand dollars!! 

That is, the investor is able to grant 4 families Turkish citizenship when buying a property worth one million dollars in Istanbul, in addition to the tax exemptions that Turkey offers to foreign investors and quick-resolved transactions and others. 

Editing: Ramzy Investments and Real Estate Marketing © 
Source: Knight Frank