Welcome to British Expats Abroad
  • Results 1 to 7 of 7
    Like Tree2Likes
    • 1 Post By guest3160
    • 1 Post By ophidian

    Thread: American Realestate Cheapest in the World


    1. #1

      Title
      Administrator
      Join Date
      Feb 2011
      Posts
      2,753
      Liked
      897 times
      Rep
      Ktee is on a distinguished road

      American Realestate Cheapest in the World

      Name:  cs-global-real-estate-full.jpg
Views: 1520
Size:  58.8 KB


      American real estate is the cheapest in the world, according a new infographic from Credit Sesame. The diagram, which aims to put US property into global perspective, shows that America is significantly cheaper than other countries in terms of price per square foot, explaining why interest from overseas investors remains high.

      The US property market continues to be uncertain, as sales of new homes fell in August to a six-month low, but on a wider scale, the number of repossessed and discounted houses makes America a far more affordable place to invest than other countries. Even real estate in Manhattan, the most expensive US city at $1,068 per square foot, is three times cheaper than Paris, where property is priced at $3,287 per square foot.

      Indeed, the French capital is the most expensive in the world, while London ranks between Paris and New York at $1,590 per square foot, just above the real estate value in Dubai. Out of the 34 cities analysed (using data between 2011 and 2009), the median market is, perhaps surprisingly, Athens, where Greek property has a cost of $890 per square foot. At the other end of the international scale, Chile boasts property at the lowest global cost of $160 per square foot in Santiago – still over triple that of Houston’s mere $54.

      Credit Sesame founder Adrian Nazari, speaking to The Wall Street Journal, summed up the enduring appeal of property in America for foreign investors: “After all, a homeowner in Dubai could sell and have basically enough to buy homes in Houston, Atlanta and Phoenix.”

    2. Moneycorp - Commercial foreign exchange since 1979
    3. #2
      peacock
      I bet Aldo has his calculator out as we type.............................................. ..

    4. #3

      Title
      Guest
      Join Date
      Feb 2011
      Posts
      1,006
      Liked
      504 times
      Rep
      guest3160 is on a distinguished road
      So with the Aussie$ around the same value as the US$ what sort of a price could you buy a 4x2 for in a 'decent' area?
      Ktee likes this.

    5. #4
      peacock
      Ive heard Las Vegas is cheap, if your into slot machines,

    6. #5

      Title
      Guest
      Join Date
      Feb 2011
      Posts
      1,006
      Liked
      504 times
      Rep
      guest3160 is on a distinguished road
      http://www.beaumontidx.com/agent_spe...page_current=1

      I had a little look.....I think the US is the place to be....

    7. #6

      Title
      Administrator
      Join Date
      Feb 2011
      Posts
      2,753
      Liked
      897 times
      Rep
      Ktee is on a distinguished road
      I wonder if Aussies can buy a property over there or if you need approval like here?

    8. #7

      Title
      Senior Member
      Join Date
      Mar 2011
      Location
      UTOPIA......soon.
      Posts
      1,073
      Liked
      372 times
      Rep
      ophidian is on a distinguished road
      I'm pretty sure foreign buyers can purchase property in the States, I seem to remember reading and article about investing in property.
      Ktee likes this.
      Soon to be back in the undisputed NUMBER 1 country in the world.....ENGLAND.