The median worth per sq. foot in Manhattan, NY is $1,500, in accordance with My Dolce Casa.
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Manhattan, New York is notorious for being costly. Town constantly ranks as one of many world’s most expensive locations to dwell in.
Buying a 500-square-foot rental in New York Metropolis can value you about $750,000, in accordance with analysis weblog, My Dolce Casa, which based mostly its examine off Realtor knowledge displaying that the median worth per sq. foot within the metropolis was $1,500.
You may successfully commerce your small studio condominium within the metropolis for a mansion that sprawls over 7,000 sq. ft in Sicily, Italy, or go for different properties within the Mediterranean, about 10 occasions the studio’s dimension.
This is what you will get throughout 10 common Mediterranean locations for the worth of a 500-square-foot condominium in New York Metropolis, in accordance with an August report by My Dolce Casa:
For the worth of a 500 sq. foot condominium in NYC, you may get a property over 7,000 sq. ft in Sicily, Italy, in accordance with My Dolce Casa.
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Sicily, Italy
Measurement of property: 7,212 sq. ft
Well-known for its wealthy historical past, stunning seashores and charming hilltop cities, Sicily, Italy is a well-liked vacationer vacation spot, seeing over 6 million guests a 12 months, in accordance with a July report by Worldmetrics.org.
Regardless of its reputation, you will get a giant bang in your buck buying actual property on the Italian island. Sambuca di Sicilia, a commune in Sicily, went viral lately when it auctioned off houses with beginning bids at one euro.
For the worth of a 500 sq. foot condominium in NYC, you may get a property over 4,000 sq. ft in Loire Valley, France, in accordance with My Dolce Casa.
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Loire Valley, France
Measurement of property: 4,013 sq. ft
Recognized for its stunning panorama, historic cities and world-class wines, the place the typical worth per sq. foot is $187, you possibly can commerce in your NYC studio condominium for a house that is eight occasions larger in Loire Valley, in accordance with My Dolce Casa.
For the worth of a 500 sq. foot condominium in NYC, you may get a property over 3,000 sq. ft in Porto, Portugal in accordance with My Dolce Casa.
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Norte (Porto), Portugal
Measurement of property: 3,289 sq. ft
Porto, is the second largest metropolis within the nation and is understood for its wealthy historical past, structure, and fortified wine. Right here you should buy a property over six occasions the dimensions of a 500-square-foot NYC condominium. Portugal has develop into a sizzling spot for retirees, as a protected and sunny, but inexpensive vacation spot to cool down in.
For the worth of a 500 sq. foot condominium in NYC, you may get a property over 3,000 sq. ft in Tuscany, Italy, in accordance with My Dolce Casa.
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Tuscany, Italy
Measurement of property: 3,165 sq. ft
Tuscany, Italy is a well-liked vacation spot amongst vacationers and noticed a greater than 44 million in a single day stays in vacationer lodging institutions in 2022, in accordance with Statista.
House to the Leaning Tower of Pisa and Michelangelo’s “David” statue, you should buy a property that is six occasions the dimensions of an NYC condominium right here.
For the worth of a 500 sq. foot condominium in NYC, you may get a property over 3,000 sq. ft on Crete Island, Greece, in accordance with My Dolce Casa.
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Crete Island, Greece
Measurement of property: 3,488 sq. ft
On the most important Greek island, actual property prices a mean of $215 per sq. foot, in accordance with My Dolce Casa. You may swap your NYC rental to take pleasure in island-life in a house greater than 3,400 sq. ft in dimension on Crete Island.
For the worth of a 500 sq. foot condominium in NYC, you may get a property over 3,000 sq. ft in Catalonia, Spain in accordance with My Dolce Casa.
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Catalonia (Barcelona), Spain
Measurement of property: 3,061 sq. ft
Catalonia, spanning a whole bunch of miles on the Mediterranean coast, and residential to Barcelona, welcomed greater than 18 million worldwide vacationers in 2023, in accordance with Statista. Right here, you possibly can count on to get a home as giant as 3,000 sq. ft, in accordance with the report.
For the worth of a 500 sq. foot condominium in NYC, you may get a property over 2,800 sq. ft within the Canary Islands, Spain, in accordance with My Dolce Casa.
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Canary Islands, Spain
Measurement of property: 2,830
The Canary Islands, a Spanish archipelago situated off the coast of Morocco, can also be a preferred vacationer vacation spot. In 2023, it noticed about 14 million worldwide guests, in accordance with Statista. Right here you possibly can swap your NYC studio to take pleasure in good climate all year long in a 2,800 sq. foot dwelling overlooking the Atlantic Ocean.
For the worth of a 500 sq. foot condominium in NYC, you may get a property virtually 3,000 sq. ft within the Italian Riveria, in accordance with My Dolce Casa.
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Liguria (Italian Riviera), Italy
Measurement of property: 2,930 sq. ft
Liguria, famously referred to as the Italian Riviera, is dwelling to a few of Italy’s most picturesque locations like Cinque Terre and Portofino. Recognized for its good meals and breathtaking views, right here, you may get a property that’s virtually six occasions the dimensions of an NYC rental.
For the worth of a 500 sq. foot condominium in NYC, you may get a property over 2,000 sq. ft in Provence, France, in accordance with My Dolce Casa.
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Provence-Alpes-Côte d’Azur
Measurement of property: 2,100 sq. ft
The Provence area sits on the shoreline of the Mediterranean in southeastern France, and is dwelling to Marsille, a preferred port-city that noticed over 16 million vacationer in a single day stays in 2023, in accordance with current knowledge. The world-famous French Rivera can also be situated within the Provence area, housing the favored metropolis of Cannes and coastal city of St. Tropez.
For the worth of a rental in New York Metropolis, you may get a four-times bigger property in Provence.
For the worth of a 500 sq. foot condominium in NYC, you may get a property over 2,000 sq. ft in Madrid, Spain, in accordance with My Dolce Casa.
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Madrid, Spain
Measurement of property: 2,131 sq. ft
Madrid, the capital metropolis of Spain, noticed 10.6 million guests in 2023, in accordance with the Madrid Conference Bureau. Town is called Spain’s monetary middle, homes stunning parks and has a bustling artwork scene.
Generally known as among the finest locations for expats, you possibly can commerce your NYC condominium for a property greater than 2,000 sq. ft in dimension right here.
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