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It's pretty interesting to see how much real estate costs in different parts of the world. Normally, it's difficult to compare, but through the power of Craigslist, all is made clear.
I was surprised to see on craigslist that DC prices for a flat/condo were only a little over twice as expensive as post-meltdown Buenos Aires. Here's a 125 square meter, 1,250 square feet apartment in old construction for $170,000. (OK, this one has 3 bedrooms, but they are small.)
How does your area compare?
Here is the base that I use for comparison. A centrally located flat/condo in DC costs:
(a) 2 bedrooms/2 bathrooms (let's say 125 square meters or 1,250 square feet) costs about $400,000 in old construction and roughly $550,000 in new construction;
(b) 1 bedroom/1 bathroom (let's say 85 square meters or 850 square feet) costs about $300,000 in old construction and roughly $450,000 in new construction; and
(c) Studio (let's say 50 square meters or 500 square feet) costs about $225,000 in old construction and roughly $350,000 in new construction.
I was surprised to see on craigslist that DC prices for a flat/condo were only a little over twice as expensive as post-meltdown Buenos Aires. Here's a 125 square meter, 1,250 square feet apartment in old construction for $170,000. (OK, this one has 3 bedrooms, but they are small.)
How does your area compare?
Here is the base that I use for comparison. A centrally located flat/condo in DC costs:
(a) 2 bedrooms/2 bathrooms (let's say 125 square meters or 1,250 square feet) costs about $400,000 in old construction and roughly $550,000 in new construction;
(b) 1 bedroom/1 bathroom (let's say 85 square meters or 850 square feet) costs about $300,000 in old construction and roughly $450,000 in new construction; and
(c) Studio (let's say 50 square meters or 500 square feet) costs about $225,000 in old construction and roughly $350,000 in new construction.
craiglist doesn't have anything interesting here so I picked some from last sundays paper:
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