Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Here's What $1 Million Buys In Housing Markets Around The World

Alyson PennJul 15, 2014, 22:10 IST

Property24.comIn Capetown, South Africa, $1 million goes a pretty long way.

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 Buenos Aires, on the other hand, it buys a 4-bedroom pad in a fancy neighborhood.

Our friends at Point2Homes helped us find properties in major cities across the world for around $1 million U.S. They range from small flats to spacious houses.