Share to Facebook Share to Twitter Share to Linkedin you could trade a small New York apartment for a grand 3,200-square-foot villa in the hills of ...
[+] Tuscany. getty If you dream of relocating to Europe but need an extra push to take the plunge or are hesitating over financial concerns, this new study might be what you need. Compared to the reality of a city like New York’s impossible real estate market, where many struggle to afford even a small apartment, what the same money can buy in Italy or Greece seems unbelievable.
Living abroad research website My Dolce Casa has calculated the size of house you could purchase in different regions of the five most popular Mediterranean countries in Europe—Portugal, Spain, Italy, France and Greece—for the same price as a 500-sqft Manhattan condo. The most recent data from Realtor shows that the median listing price in Manhattan (New York County) is around $1,500 per square foot, which is the equivalent of $750,000 for a 500-square-foot apartment. Using this as the benchmark price point and My Dolce Casa real estate data on the price per square foot in the five European countries, the company calculated what home size you could own there for the same money.
What Size House Can You Get In Italy For The Price Of A New York Condo? In Italy, you could trade a small New York apartment for a grand 3,200-square-foot villa in the hills of Tuscany, where the average price per square foot is $237. In sun-soaked Sicily, a $750,000 budge.