Real Estate News
Nothing compares to condo prices in New York City
Warsaw has lowest prices in real estate survey
Inman
December 2nd, 2005
Ownership in 15 of the markets evaluated would cost less than $350,000, and that includes such major cities as Montreal, Shanghai and Valencia, Spain, according to the study.
The top five most expensive cities in the study include:
- New York City, $1,448,000;
- Boston, $981,250;
- San Francisco, $975,500;
- Paris, $966,089;
- Seattle, $712,000.
The five most affordable cities in the study include:
- Warsaw, Poland, $123,257;
- Jakarta, Indonesia, $130,537;
- Caracas, Venezuela, $133,656;
- Mexico City, $175,122;
- Montreal, Canada, $176,306.
Coldwell Banker Real Estate Corporation conducted its Global Metropolitan Condominium Home Price Comparison Study by compiling survey data from Coldwell Banker offices throughout the world. Companies within the Coldwell Banker system submitted data based on the average sales price of sold listings from July 2005 through October 2005. Cairo and Paris were recorded from Coldwell Banker office Web site listings on Nov. 11, 2005.