There has been a lot of media focus in the past few months on the historic rise in the price of housing in the United States over the past few years. This rise in price has made housing out of reach for many home buyers. For those who think housing in the United States is unaffordable, consider the following from an article in Thursday's Wall Street Journal titled How to Find Foreign Buyers For U.S. Properties.
Urban real estate in major U.S. cities costs much less than it does in many other industrialized nations. According to the Global Property Guide, an apartment in London costs $28,355 per square meter ($2,637 per square foot), and Paris $15,670 per square meter ($1,457 per square foot). By comparison, according to Chicagocondosonline.com, the median sales price in 2007 for a Chicago condo was only $294 per square foot, which comes to $3,165 per square meter.
Chuck Miller GMB CGB MIRM CMP MCSP CSP
President / Builder - Chuck Miller Construction Inc.
(208) 229-2553
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