With the growing population level just surpassing the 8 billion mark, it is no secret that prices of real estate have gone anywhere but down. Empty plot lands for houses and high rise buildings are gradually decreasing which forces land owners to hike up their prices to potential buyers. The problem is that this not only applies to certain parts of the globe, everywhere you look the prices of real estate have been steadily increasing. However, there is a silver lining in all of this. America top cities remain as some of the most attractive and affordable places to live when in contrast with other cities like Tokyo and Paris.
The Global view of real estate prices
Prices of real estate have been steadily increasing and can range anywhere from hundreds of dollars per square foot to hundreds and even thousands of dollars. Affordable housing is steadily decreasing as more and more people set out to purchase a home of their own and there seems to be no stopping the hiking prices. If you are someone who is interested in purchasing your own home, you may have to move to other countries where you might be able to obtain cheaper rates on a piece of real estate. Some of the most expensive cities to live in the world include Paris, Norway and the city of Singapore. In these locations, real estate typically cost anywhere from $3,500 to $1,600 per square foot.
It is safe to say that people who are middle to low income earners would most probably be unable to afford real estate of their own in these cities. Fortunately there are many options available as countries that boast some of the cheapest real estate in the world includes Dubai, Athens and Egypt with prices of real estate ranging from $450 to $900 per square foot. It really depends on how far you are willing to relocate in order to find the right real estate for yourself and your family.
The United States view of real estate prices
Many people who are living in the United States may think that the country is one of the most expensive countries to live in with prices of real estate in Manhattan cost almost $1,100 per square foot. When comparing with the global view of prices, this is still almost three times cheaper than living in Paris. That means that many people have developed the misconception that purchasing real estate in the United States is costly when in fact it is one of the cheapest places to get real estate for cheap prices.
The global count of real estate prices from the lowest point, Santiago, Chile at $200 per square foot to $3,500 per square foot in France. Whereas in the United States itself, prices of real estate range anywhere from $60 per square foot in Houston, Texas to about $1,100 in New York.
Sometimes it is hard to find a great deal on a piece of real estate that attracts your attention and the key is to look for them in the right places.