The housing problem is undoubtedly one of the most important and serious problems for nearly every person in this world. Russia is not an exception, of course, especially the capital, Moscow. A research was conducted to compare the cost of residential property in Moscow and other cities of the world. The authors of the research also tried to find out whether the cost of residential property abroad can be placed anywhere near the Moscow prices. For comparison, the researchers analyzed variants priced at $1 million and $500,000.
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. The 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 Elysian Fields. A variant in London looks less attractive. A million dollars will be enough to purchase a two-room 58 m2 apartment on the Thames.
The amount of $500,000 will also be enough to own fine residential property in large capitals of the world. In Moscow, this money will be good to purchase a one-room apartment in the center or a three-room apartment in a remote area of the city. In Athens, for instance, the owner of $500,000 can find a four-room 100m2 flat with a nice terrace and a security parking area. A similar flat can be available for this money in the center of Helsinki, Finland.
If you have $500K, you can also go to Australia. This money can make you the down under owner of a nice three-room apartment in a residential complex complete with a swimming pool and all necessary infrastructure.
The residential property in Prague, the Czech Republic, is cheaper. From the point of view of real estate, Prague is one of the cheapest European capitals. For $300,000 one can buy a fine two-room flat (75m2) in the city center.