Exploring the diverse purchasing powers that one million grants you in different real estate investments across the world.
In the realm of global real estate, the unwavering truth remains: one million dollars carries very diverse purchasing power across different countries. A mere fortune that might grant you a humble one-bedroom apartment in the bustling heart of Manhattan could swiftly transform into the key to a luxurious villa in other enticing destinations.
Without further ado, pull out your maps and check your bank accounts; let’s see exactly how far your money can actually stretch in different corners of the world.
One Million in Marrakesh
Images courtesy of Sotheby’s
You don’t even have to go up to one million to afford a 7 bedroom and 7 bathroom property in Marrakesh. In fact, for just $978,022 you can purchase a family home built on 2 hectares of land facing the Atlas Mountains.
This specific property, decorated with Morrocan archways and tiling, features impressive-looking ceilings, detailing, and traditional architecture with a blend of modern comforts.
One Million in New York
Image courtesy of Sotheby’s
In one of the most expensive cities in the world, money gets you far, but perhaps not as much as you’d like it to.
It can, for example, get you an appointed suite at the Plaza Hotel. But there’s a catch; it is only yours for 120 days per year with income-producing ownership, with monthly taxes of $1,330. The rest of the year, it goes through the hotel’s booking system.
On the flip side, you get all the luxuries of staying in one of New York’s most coveted hotels, with things like nanny services, spas, butlers, and concierge right at your doorstep. You win some, you lose some.
One Million in Thailand
Images courtesy of Sotheby’s
There’s no denying that one million in Thailand gets you far. To be precise, it gets you an infinity pool, four bedrooms, sea views, sun lounges, top-tier appliances, and a total internal area of 120 sqm in an insanely looking Thai Villa.
One Million in Barcelona
Image courtesy of Sotheby’s
Spain is known for being relatively cheap, but Barcelona and Madrid are the country’s outliers. Whilst we are not talking London price points, average rental prices in Barcelona can roam the 900EUR per month – significantly higher than in other parts of the country.
When it comes to buying, 1 million can get you a decently designed apartment in one of the most sought-after locations of the city; Passeig de Gràcia. One such investment is this apartment featuring 3 bedrooms, two full bathrooms, and 1,323 Sq Ft inside a renovated 1970s building.