papsrus Posted June 4, 2008 Report Share Posted June 4, 2008 Knew it was an expensive place, but didn't realize it was the most expensive place on earth to buy property. Surprised Tokyo is down at No. 10. Quote Link to comment Share on other sites More sharing options...
Jazzmoose Posted June 4, 2008 Report Share Posted June 4, 2008 Guess I'll have to settle for Portofino; no way I'm living in a studio when I get my million and a half! Yeah, I was surprised at some of this as well. Of course, places like Monaco and such are off of my low brow brain, so I guess that shouldn't surprise me. But I'll admit, London wouldn't have been my first guess. Quote Link to comment Share on other sites More sharing options...
BruceH Posted June 4, 2008 Report Share Posted June 4, 2008 Surprised that Manhattan now comes in 6th! Still, I don't think I'll be looking into any 5th Avenue condos anytime soon. (Or ever.) Quote Link to comment Share on other sites More sharing options...
sidewinder Posted June 5, 2008 Report Share Posted June 5, 2008 (edited) London has been off the price scale for at least 25 years now in terms of affordability. It always was a rediculous place to buy but when people can sell 1-bed rabbit hutches in some overpriced yuppie enclave and buy a nice detatched house anywhere else in the country you know that things have just got silly. The market here is due for a significant downward adjustment but in the case of London I think it could be dramatic. Not least in view of the downturn in the so-called (largely virtual) 'service' industries of banking, insurance, property development, PR, telephone sanitising etc . Edited June 5, 2008 by sidewinder Quote Link to comment Share on other sites More sharing options...
sidewinder Posted June 5, 2008 Report Share Posted June 5, 2008 "What you get for $1.5 million: Small studio apartment" Collective madness ! Quote Link to comment Share on other sites More sharing options...
kinuta Posted June 9, 2008 Report Share Posted June 9, 2008 I'm puzzled by this so called survey. They claim that $1.5 million will buy you a one bedroom ' studio apartment' in Tokyo. According to my brief survey of local estate agents, half of that, say $700,000 , would buy you a nice little detached house in suburban west Tokyo, the nicest part of the city maybe. From there a $2.00 train fare would have you in Shinjuku within 25 minutes. Quote Link to comment Share on other sites More sharing options...
porcy62 Posted June 9, 2008 Report Share Posted June 9, 2008 Yep, this survey is pretty strange, I mean that if you want an apartment in the historic city center of place like Rome or Florence, you can easily reach 10,000 euros per square meter, now if you consider it in dollar and feet, well... Quote Link to comment Share on other sites More sharing options...
umum_cypher Posted June 9, 2008 Report Share Posted June 9, 2008 I'm with Porcy. 'In London, where at $6,191 the average price per square foot is the highest in the world, your $1.5 million would buy only a small studio in the smartest parts of town'. That may be true. But around my area (admittedly the cheapest bit of town, but still only a few miles from the centre) £700k would get you a grand (sorry, 'imposing') 4-floor Victorian semi. You'd pay almost the same on the train ticket into town every day, but that's another story. Quote Link to comment Share on other sites More sharing options...
The Magnificent Goldberg Posted June 9, 2008 Report Share Posted June 9, 2008 BALHAM, gateway to The South! I agree. There are, in any case, very, very, exclusive areas in some places like Bournemouth where the minimum price you can pay for a property is £3 million. And you'll find these areas everywhere. (Well, not here.) MG Quote Link to comment Share on other sites More sharing options...
sidewinder Posted June 9, 2008 Report Share Posted June 9, 2008 (edited) There are, in any case, very, very, exclusive areas in some places like Bournemouth where the minimum price you can pay for a property is £3 million. Sandbanks? Never could understand the hype for that place. Edited June 9, 2008 by sidewinder Quote Link to comment Share on other sites More sharing options...
papsrus Posted June 9, 2008 Author Report Share Posted June 9, 2008 Time for a survey on where the cheapest real estate is. Quote Link to comment Share on other sites More sharing options...
The Magnificent Goldberg Posted June 10, 2008 Report Share Posted June 10, 2008 There are, in any case, very, very, exclusive areas in some places like Bournemouth where the minimum price you can pay for a property is £3 million. Sandbanks? Never could understand the hype for that place. That's one of the places I've heard mentioned. MG Quote Link to comment Share on other sites More sharing options...
The Magnificent Goldberg Posted June 10, 2008 Report Share Posted June 10, 2008 Time for a survey on where the cheapest real estate is. Zimbabwe, if you happen to be one of Mugabe's veterans. MG Quote Link to comment Share on other sites More sharing options...
Jazzmoose Posted June 10, 2008 Report Share Posted June 10, 2008 Guys, I don't think this survey is talking about "the cheaper part of town". This is for people who want to get away from riffraff like us... Quote Link to comment Share on other sites More sharing options...
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