Manhattan, New York has a reputation for being expensive. The city consistently ranks as one of the most expensive places to live in the world.
Buying a 46 square meter apartment in New York can cost around $750,000, according to research blog My Dolce Casa. New York and especially Manhattan are consistently ranked among the most expensive cities in the world to live in. And house prices are one of the factors that make them so expensive.
In Crete one can buy more than 300 sq.m. for the price of an apartment in Manhattan
In areas of the Mediterranean, including Crete, My Dolce Casa, cited by CNBC, has found prices where entire villas 10 times the size are selling for a similar price.
According to ads collected by My Dolce Casa, in August one could find many such cases, including:
Sicily, Italy – Property 305 sq.m.
Famous for its rich history, beautiful beaches and charming hilltop towns, Italy’s Sicily is a popular tourist destination, drawing more than 6 million visitors annually, according to a July report by Worldmetrics.org.
Despite its popularity, you’ll get a bang for your buck when buying property on the Italian island. Sambuca di Sicilia, a community in Sicily, went viral in recent years when it auctioned houses with starting bids as low as one euro.
Loire Valley, France – Property: 373 sq.m.
Known for its beautiful scenery, historic cities and world-class wines, where the average price per square foot (approx. 0.1 sq m) is $187, you can trade in your New York studio apartment for a house that it is eight times larger in the Loire Valley, according to My Dolce Casa.
Norte (Porto), Portugal – Property 305 sq.m.
Porto, is the country’s second largest city and is known for its rich history, architecture and fortified wine. Here you can buy a property six times the size of a 500 square foot apartment in New York. Portugal has become a hot spot for retirees as a safe and sunny yet affordable destination to settle down.
Tuscany, Italy – Property 294 sq.m.
Tuscany, Italy is a popular destination among tourists and saw more than 44 million overnight stays in tourist accommodations in 2022, according to Statista.
With the Leaning Tower of Pisa and Michelangelo’s ‘David’ statue, you can buy a property six times the size of an apartment in New York.
Crete, Greece – Property 324 sq.m.
On the largest Greek island, real estate costs an average of $215 per square foot, according to My Dolce Casa. You can trade your New York apartment to enjoy the island life in a house of more than 316 square meters on the island of Crete.
Catalonia (Barcelona), Spain – Property 284 sq.m.
Spanning hundreds of miles along the Mediterranean coast and home to Barcelona, Catalonia welcomed more than 18 million international tourists in 2023, according to Statista. Here, you can expect to own a home as large as 279 square feet, according to the report.
Canary Islands, Spain – Property 263
The Canary Islands, a Spanish archipelago located off the coast of Morocco, are also a popular tourist destination. In 2023, it saw around 14 million international visitors, according to Statista. Here you can trade your New York studio for year-round nice weather in a 260-square-foot home overlooking the Atlantic Ocean.
Liguria (Italian Riviera), Italy – Property 272 sq.m
Liguria, known as the Italian Riviera, is home to some of Italy’s most picturesque destinations, including Cinque Terre and Portofino. Known for its good food and stunning views, here, you can own a property that is almost six times the size of a New York apartment.
Provence-Alpes-Côte d’Azur – Property 195 sq.m
The Provence region is located on the Mediterranean coastline in southeastern France and is home to Marseille, a popular port city that saw over 16 million tourist overnight stays in 2023, according to recent figures. The world-famous French Rivera is also located in the Provence region, home to the popular city of Cannes and the seaside town of St. Tropez.
For the price of an apartment in New York, you can get four times as much property in Provence.
Madrid, Spain – Property 198 sq.m
Madrid, the capital of Spain, saw 10.6 million visitors in 2023, according to the Madrid Convention Bureau. The city is known as the financial center of Spain, is home to beautiful parks and has a vibrant art scene.
Known as one of the best destinations for expats, you can trade your New York apartment for a property measuring over 186 square meters here.
Source: ot.gr
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