America's Top Cities: Cheapest Real Estate In The World?

America's Top Cities: CHEAPEST REAL ESTATE IN THE WORLD? The collapse of the real estate market has stretched to the far reaches of the globe. But many of the world's largest and most desirable destinations remain far beyond the budget of a middle-income family. In fact, compared with most of the world's big cities, properties in the United States-even those in the most pricey locations-seem outright cheap. Here, we look at the cost of real estate in select cities around the world. PRICE PER SQUARE FOOT IN US DOLLARS REYKJAVÍK, ICELAND $543 LONDON, U.K. $1,590 STOCKHOLM, SWEDEN $1,516 COPENHAGEN, DENMARK $1,317 HELSINKI, FINLAND $1,366 LUXEMBOURG, LUXEMBOURG $1,563 TALLINN, ESTONIA $384 DENVER $183 - WARSAW, POLAND $895 OSLO, NORWAY $2.099 ATLANTA $132 BEIRUT, LEBANON $1.448 SAN FRANCISCO $520 • PARIS, FRANCE $3,287 TEHRAN, IRAN $834 - NEW YORK, U.S. $1,068 HONG KONG $1,118 HOUSTON $54 (Manhattan) (Taikoo Shing) LISBON, PORTUGAL $890 PHOENIX $79 -o DUBAI, U.A.E $264 HONOLULU $614 MADRID, SPAIN $1,395 AL KUT, IRAQ $262 MUMBAI, INDIA $664 MIAMI $182 -0 CAIRO, EGYPT $574 ATHENS, GREECE $890 SINGAPORE $1,561 • BUENOS AIRES, ARGENTINA $557 BRATISLAVA, SLOVAK REPUBLIC $398 O (Recoleta) SANTIAGO, CHILE $160 00 AUCKLAND, NEW ZEALAND $450 CAPETOWN, SOUTH AFRICA $1.067 FIGURES FROM: • 2009 • 2010 2011 (U.S. CITY) 2011 WORLDWIDE LOWEST MEDIAN HIGHEST Santiago, Athens, Paris, CHILE GREECE FRANCE %24 $160 $890 PER SQUARE FOOT PER SQUARE FOOT $3,287 PER SQUARE FOOT IN THE U.S. LOWEST MEDIAN HIGHEST Houston, TX Chicago, IL New York, NY $54 24 $158 PER SQUARE FOOT PER SQUARE FOOT $1,068 PER SQUARE FOOT *OF THE CITIES INCLUDED SOURCE: GLOBALPROPERTYGUIDE.COM • TILASTOKESKUS.FI • NUMBEO.COM • GLOBAL.FACTIVA.COM • NYTIMES.COM • ZILLOW.COM • INDIATIMES.COM • TRULIA.COM THESPANISHBRICK.COM • IRAQDAILYTIMES.COM • PROPERTY.TIMESONLINE.CO.UK • NUWIREINVESTOR.COM • PROPGOLUXURY.COM • OPPORTUNITIES.COM.LB credit sesame %24