Gstaad (Switzerland)

Price: $1,622 per sq. ft.What you get for $1.5 million: 2 bedroomsAnnual price change: 0%This ski resort in the German-speaking area of southwestern Switzerland is still a playground of the privileged, but many of the old families that started such local institutions as the Eagle Club are being driven out by newer arrivals, most notably from Russia.

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