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RE: The most overpriced apartments in the world
Hah :)
I decided to do some math and compare Bulgarian to New Zealand prices. I saw that the average price per square foot is NZD $190.
In my country, we use square meters. 1 sq.m. = 10.76 sq.ft. The average price for a square meter in my town is 650 Euros, so 60.41 Euro per sq.ft. At the current exchange rate, that's NZD $93.
Seems like it's twice as expensive on your side of the world. Then again, you should consider that the average paycheck in New Zealand, Wellington, is roughly NZD $70-80k, whereas the average paycheck in my city is NZD $4800.
So you are still ten times more likely to be able to afford a property, than anyone living here. That's a bit of a discrepancy :)
Holy cow, there is somewhere 10x more unaffordable than here?
In theory NZ is metric and we use sq m too, but feet sound more impressive so are loved by real estate con artists
![](https://steemitimages.com/DQmPJmoM3EwtjTmCdEozPHNSb2i4g4GVhmcVCp91fcQtnt4/image.png)
You have blown my mind!
You should go to Cuba. With NZD $400 a month you will be treated like a king. If you marry a Cuban lady, you will also have access to their real estate market, which will most likely boom in the next 20 years.
Haha, the photos are great :)
This guy used to be our neighbour - he is the biggest buyer of Cuban coffee in NZ
He is a coffee millionaire now!
http://www.havana.co.nz/index.html
He know what he's doing! :)
Well today he made headlines for getting lost at sea!
http://www.stuff.co.nz/national/94000748/damaged-yacht-in-distress-sparks-air-force-search
Too much coffee? Or maybe a publicity stunt? :)