Affordable Abodes: 30 Striking Apartments Globally Purchasable for $1 Million Each
In the ever-changing global real estate market, the cost of a million dollars can buy vastly different property types, depending on the location. This article examines the properties that can be purchased for approximately one million US dollars (USD) worldwide and how virtual real estate tours are revolutionising the way we view these high-value properties.
**Property Value for $1 Million Around the World**
As of March 2025, the mean price for residential property in Australia is AUD 1,002,500, which is roughly USD 670,000, given recent exchange rates near 0.67 USD per AUD. Although $1 million USD in Australia would buy slightly above the average home, in cities like Sydney or Melbourne, it may not secure a large or premium property due to high urbanization and demand.
In many U.S. luxury markets, $1 million USD can purchase a single-family home or luxury condo but is not at the top of the market. For example, in Phoenix, the median luxury home price is around $870,000, but in Manhattan, it is $4,050,000, and in Telluride, $3,350,000. In less expensive luxury markets or mid-market cities, $1 million can secure a spacious or upscale home.
Other notable markets include Oahu, Hawaii, where properties are listed for far above $1 million, so $1 million would likely buy a modest home or condo, not a luxury property. In the country house market of the United Kingdom, while £800,000 (approx. $1 million USD) can buy a good country house outside of the most exclusive areas, prime locations or "best in class" properties are well above this price point.
**Cost of Virtual Real Estate Tours**
With the rise of virtual reality technology, property viewings have become more accessible than ever. A simple 360° photo tour may cost a few hundred dollars for a standard house, while a fully interactive 3D VR tour for a large or complex property (like a 50-story high-rise) can cost several thousand dollars or more, depending on the level of detail and interactivity. Although the cost of a high-quality virtual tour is generally a small fraction of the sale price, it can significantly boost marketing and sales velocity.
**Key Takeaways**
- $1 million USD buys widely varying property types worldwide, from a luxury home in some U.S. cities to a modest or average home in high-cost markets like Sydney, Manhattan, or Oahu. - Virtual real estate tour costs are a small fraction of the property price and can greatly enhance marketing and sales efficiency for million-dollar properties. - Markets with the highest property prices (Manhattan, Sydney, Oahu) see $1 million as a relatively modest budget, while in other regions it secures a premium purchase.
Furthermore, we have compiled a list of properties priced at or around $1 million USD from various cities worldwide, showcasing the diverse range of properties that can be found within this price range. From a designer apartment in Bangkok, Thailand to a villa in Estepona, Spain, the global real estate market offers a wealth of options for those seeking million-dollar properties.
Investing $1 million USD in home-and-garden real estate can lead to diverse property acquisitions, such as a designer apartment in Bangkok, Thailand or a villa in Estepona, Spain. On the other hand, for those interested in the lifestyle of a specific location, $1 million may still be considered a modest budget in high-cost markets like Sydney, Manhattan, or Oahu, where luxury properties exceed this price range.
While exploring property options, incorporating virtual real estate tours can provide a cost-effective solution for thorough property inspection, as the cost of a high-quality virtual tour is generally a small fraction of the sale price and can significantly boost marketing and sales velocity.
