Quote:
Originally Posted by JMKeynes
This is no surprise. I can’t think of any other city in the world where properties sell at $10k/sf+. Properties in SF and London, for example, are way less expensive on a price per square foot basis. Most upscale properties in those cities sell for $1,000-$2,000/sf.
https://www.cnn.com/travel/article/w...022/index.html |
Oh and London average property price is $878K, at a city average 705 sq ft (vs NYC at $783K, city average 1,167 sq ft)
https://www.rightmove.co.uk/house-prices-in-London.html
https://www.zillow.com/home-values/6181/new-york-ny/
https://www.ahs.com/home-matters/rea...me-size-index/
https://www.housebeautiful.com/uk/li...es-homebuyers/
Per sq ft this would work out at London $1,245 and NYC $671, almost double. The top end sells for $13,700:
https://www.cnbc.com/2021/06/14/lond...r-listing.html
However, in terms of cost of living London has fallen -though watch this space this winter as the country now ploughs into the world's most expensive energy prices, equivalent to food or rent.