Many real estate buyers prefer purchasing properties in Italy, Spain, France, Greece, Great Britain and Czech Republic. Real estate specialists assure that the number one destination among those is Spain. An average-sized apartment with a balcony in a countryside town on the Mediterranean can be bought for around $25,000. In suburbs of big seaside cities real estate is normally 2 times more expensive. Similar apartment in Barcelona’s outskirts is priced from $60,000 and more.
Italy is the country of contrasts in terms of real estate prices. One can hardly find a property cheaper than $250 per square foot in prestigious districts of Rome and Milan, while prices drop to around $50 per square foot in industrial areas. Minor seaside towns have apartment prices per square foot ranging between $60 – 80. In private houses they are usually evaluated at about $90 per square foot.
In France one can buy a small but cozy Paris flat for around $55,000. In Versailles though, which is situated not far from Paris, the price can be even lower.
On the eve of this year’s Olympics Greece witnessed sharp increase of rents, despite the sale prices remained pretty stable. In Athens’ bedroom communities one square foot of residential real estate is normally priced $50 – 70. Similar average prices are observed within the island real estate sector in Greece (Rhodos Island - $80 per sq. ft.; Crete Island - $60). One can buy a small apartment overlooking the sea, as well as a posh villa within this price margin.
A square foot of real estate in Prague will cost up to $100; however, suburban prices are a lot lower. A two-bedroom apartment in one-hour-drive from Prague can be purchased for about $30,000.
Here’s the table of average real estate prices in some of the principal cities around the world:
|
City |
Price per sq. ft. |
|
New York City |
$300 - 400 |
|
London |
$585 |
|
Paris |
$360 - 400 |
|
Rome |
$300 |
|
Barcelona |
from $240 |
|
Hong Kong |
from $300 |
|
Moscow |
from $174 |