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RE: The most overpriced apartments in the world
Well they are separate apartments but sharing outside walls with the ones next to them
Most NZ houses are free standing, and until very recently, anything over half a million $ would be considered quite expensive.
Not any more though, under half a million in Wellington is not going to get much.
This one round the corner from us sold for $300 000 and was supposed to be rebuilt as six apartments - it hasn't been though!
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
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? :)