Property “Values” in World Capitals
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Housing is a universal problem today, and Russia is no exception,especially Moscow.
Research was conducted to compare the cost of residential property in Moscow and other cities of the world.
The authors of the study also tried to find out whether the cost of residential property elsewhere is anywhere near Moscow levels.
For comparison, the researchers looked at properties priced between $500,000 and $1 million.
Housing is a universal problem today, and Russia is no exception,especially Moscow.
Research was conducted to compare the cost of residential property in Moscow and other cities of the world.
The authors of the study also tried to find out whether the cost of residential property elsewhere is anywhere near Moscow levels.
For comparison, the researchers looked at properties priced between $500,000 and $1 million.
The proud owner of one million dollars can purchase one or two-room 100 m2 apartment in the very center of the Russian capital
– on Tverskaya Street.
A much larger apartment – 150-200 m2 – can be bought for this money on the outskirts of the city.
That same amount of money is required to purchase a four-room apartment in New York’s Brooklyn or on Manhattan – 200 m2.
In Paris, this amount of money can give you a beautiful 100 m2 apartment near the Champs Elysses.
But London looks less attractive. A million dollars will be enough to purchase a two-room 58 m2 apartment on the Thames.
For $500,000 you can also get some fine residential property in most world capitals.
In Moscow, this money can purchase a one-room apartment — in the center or a three-room apartment — in a remote area of the city.
In Athens, $500,000 will garner a four-room 100m2 flat with a nice terrace and a secure parking area.
A similar flat is available for this money in the center of Helsinki, Finland.
In some parts of Australia, $500,000 can make you the owner of a nice three-room apartment in a residential complex complete with swimming pool.
But residential property in Prague, the Czech Republic, is cheaper — indeed, its residential real estate is one of the cheapest European capitals.
For $300,000 one can buy a fine two-room flat (75m2) in the city center, according to Pravda.
