In the world's most expensive property markets, $1.5 million still doesn't go very far despite some softening in real estate prices

[Anonymous_IHB]

Bubble bubble, toil and trouble ...



In the world's most expensive property markets, $1.5 million still doesn't go very far despite some softening in real estate prices

http://finance.yahoo.com/real-estat...st-Expensive-Real-Estate-Markets-in-the-World



1. London

Price: $6,191 per sq. ft.

What you get for $1.5 million: Small studio apartment

Annual price change: 29%*



2. Monaco

Price: $5,888 per sq. ft.

What you get for $1.5 million: Studio apartment

Annual price change: 25%



3. St. Jean Cap Ferrat (France)

Price: $5,853 per sq. ft.

What you get for $1.5 million: Small studio apartment

Annual price change: 39%



4. Courchevel (France)

Price: $4,710 per sq. ft.

What you get for $1.5 million: Studio apartment



5. Hong Kong

Price: $4,507 per sq. ft.

What you get for $1.5 million: Studio apartment

Annual price change: 21%



6. Manhattan

Price: $4,320 per sq. ft.

What you get for $1.5 million: Studio apartment

Annual price change: 25%



7. Cortina d'Ampezzo (Italy)

Price: $3,028 per sq. ft.

What you get for $1.5 million: 1 bedroom

Annual price change: 22%



8. Portofino (Italy)

Price: $2,692 per sq. ft.

What you get for $1.5 million: 1 bedroom

Annual price change: 14%



9. Singapore

Price: $2,423 per sq. ft.

What you get for $1.5 million: 1 bedroom

Annual price change: 31%



10. Tokyo

Price: $2,334 per sq. ft.

What you get for $1.5 million: 1 bedroom

Annual price change: N/A

 

[freedomCM_IHB]

what a BS survey. they pick *the* most expensive location in those cities.



for instance, if instead of wanting an apt *on* fifth ave, you "settled" for the lincoln center area, you could get a 2bd.





In Irvine, you could get a small penthouse 1bd in one of the new 20 story bldgs, no?

 

[CM_Dude_IHB]

I hate this stuff - some places have ridiculously expensive real estate, so Yahoo thinks that should make us happy with home prices that are still hyper-inflated? Kind of like all the folks who like to point out high gas prices are in Europe.

 

[momopi_IHB]

Real Estate prices in Tokyo:

http://www.realestate-tokyo.com/sale/hot/