Here's what a million dollars buys in housing markets around the world

The price of luxury real estate is rising faster in the United States than it is anywhere else on earth, according to the latest World Wealth Report from real estate firm Knight Frank. Prices rose by almost 13% across US cities last year, compared with just 2.5% across Europe, the report said. And worldwide, growth was even flatter, with global luxury property prices rising by just over 2% in 2014. New York saw the highest jump, with luxury residential real estate prices rising 18.8% year over y...