A million-dollar home sounds like a major luxury. But $1 million buys something vastly different in cities around the world.
In New York City, for example, where the median home sale price is $1.2 million, a million bucks buys a decent one-bedroom apartment.
In the Seaside Resort of La Paloma or La Pedrera in Rocha, Uruguay, on the other hand, it buys a four-bedroom ocean front property.
In La Pedrera, $1 million buys a 4000 square foot two story ocean front house. Features include high ceilings and a terrace with breathtaking views and a heated pool.
In New York, $995,000 buys a one-bedroom, 640 square foot apartment in the West Village. The building has a private rooftop terrace, 24-hour doorman, fitness room, and laundry room.
In Dubai, $1.09 million gets a two-bedroom apartment with 1,900 square feet and an ocean view.
In Sydney, $1 million buys a 990 square foot apartment steps away from the Royal Botanic Gardens. Features include high ceilings, a communal roof terrace with harbor views, and a grand entrance foyer.
In Tokyo, $1.05 million buys a 1,357 square foot, multilevel home described as "a modern and open detached house with an open ceiling space."
In London, $993,600 gets a three-bedroom, three-bathroom, 909 square foot apartment with a balcony.
In Monte Carlo, $1.02 million pays for a tiny, 377 square foot studio with a "half-equipped independent kitchen" in the city center.
In Paris, $1 million gets a third-floor, one-bedroom apartment near Avenue Victor Hugo that's 635 square feet.
In Rome, $1 million buys a 969 square foot space next to the Palace of Expositions. The apartment has two bedrooms, two bathrooms and a lofted living room.
In Munich, $990,500 buys a 1,227-square-foot penthouse with three bedrooms, two bathrooms, two roof terraces, a living room and a dining room.
SOURCE: Business Insider