How many m2 of luxury property can you buy with USD 1 million in Europe?

How many m2 of luxury property can you buy with USD 1 million in Europe? - Portugal Business News

Real Estate News Europe - Here is how many square meters of luxury real estate you can buy with USD 1 million in Europe´s prime locations, ranked by the cities with the best deals for prime property, according to the Knight Frank Wealth Report 2026:

How many m2 of luxury property can you buy with USD 1 million in Europe´s prime locations?

Here is the ranking of European cities with the best deals for luxury real estate in prime locations:

1 - Lisbon

Lisbon ranks No. 1 city in Europe where you can buy the most square meters of luxury real estate in prime locations with USD 1 million, since you can buy 80 m2 with 1 million US dollars.

In Portugal, the closure of the real estate pathway for the Golden Visa scheme and the shift to a more restrictive Non-Habitual Resident (NHR) tax regime – now focused on specific scientific professions – may soften demand, but is unlikely to derail international demand.

Portugal’s tax and visa offering, limited stock and new direct flight routes from the US have broadened the appeal of Quinta do Lago in the Algarve.

Portugal´s population of Ultra High Net Worth Individuals increased by 49.6% between 2021 and 2026.

2 - Madrid

Madrid ranks 2nd city in Europe where you can buy the most square meters of luxury real estate in prime locations with USD 1 million, since you can buy 75 m2 with 1 million US dollars.

Spain´s population of Ultra High Net Worth Individuals increased by 41.8% between 2021 and 2026.

3 - Berlin

Berlin ranks 3rd city in Europe where you can buy the most square meters of luxury real estate in prime locations with USD 1 million, since you can buy 59 m2 with 1 million US dollars.

Germany´s population of Ultra High Net Worth Individuals increased by 32% between 2021 and 2026.

4 - Milan

Milan ranks 4th city in Europe where you can buy the most square meters of luxury real estate in prime locations with USD 1 million, since you can buy 46 m2 with 1 million US dollars.

Italy´s population of Ultra High Net Worth Individuals increased by 23% between 2021 and 2026.

5 - Vienna

Vienna ranks 5th city in Europe where you can buy the most square meters of luxury real estate in prime locations with USD 1 million, since you can buy 39 m2 with 1 million US dollars.

Austria´s population of Ultra High Net Worth Individuals increased by 25.8% between 2021 and 2026.

6 - Paris

Paris ranks 6th city in Europe where you can buy the most square meters of luxury real estate in prime locations with USD 1 million, since you can buy 37 m2 with 1 million US dollars.

France´s population of Ultra High Net Worth Individuals increased by 21.3% between 2021 and 2026.

7 - London

London ranks 7th city in Europe where you can buy the most square meters of luxury real estate in prime locations with USD 1 million, since you can buy 33 m2 with 1 million US dollars.

Prime Real Estate prices in London have declined by 4.7% within 5 years, since changes to wealth taxation have weighed on the London property market since 2014, with recent changes to non-domicile rules contributing to recent price falls.

The UK´s population of Ultra High Net Worth Individuals increased by 12.1% between 2021 and 2026.

8 - Geneva

Geneva ranks 8th city in Europe where you can buy the most square meters of luxury real estate in prime locations with USD 1 million, since you can buy 28 m2 with 1 million US dollars.

Switzerland´s population of Ultra High Net Worth Individuals increased by 39% between 2021 and 2026.

9 - Monaco

Monaco ranks 9th city in Europe where you can buy the most square meters of luxury real estate in prime locations with USD 1 million, since you can buy 16 m2 with 1 million US dollars.

Real Estate price premiums in Monaco reached new heights in 2025 with newly built homes in the principality averaging USD 47.9 million according to IMSEE, Monaco’s Statistics Office, that is more than five times the USD 8.9 million achieved by existing properties in 2025.

Monaco´s population of Ultra High Net Worth Individuals increased by 32% between 2021 and 2026.