According to the real estate article World's Most Expensive Rental Markets featured on Forbes.com the American dollar's recent plunge has made rental markets throughout the world rather pricey.  For example, in Hong Kong, according to dollar adjustments, a two-bedroom, unfurnished apartment costs over $6,000 a month in comparison to the $4,000 in Moscow.  According to calculate these figures, Forbes.com, has adjusted local currencies to dollars.  However, the value of the dollar has remained daunting, as in 2007, the dollar was at a record low in comparsion to the euro, falling 11% in 2006.  Also, against the pound, the dollar hit a record 25-year low as well in 2007. 

Read the entire real estate feature World's Most Expensive Rental Markets on Forbes.com

 
Post is included in group: Northeast Florida Real Estate Professionals

6 Comments on World's Most Expensive Rental Markets

JUL
23
2008
258,636 Points 1 Featured Post Localism Sponsor Outside Blog Hit Router

Wow... However have you ever looked at apartments in New York most of the ones my boyfriend and I like are $35,000 a month.

10:12pm • #1

Im going to Hong Kong this October, looks like I'll be convincing them to invest into cheaper American real estate.

10:27pm • #2
JUL
24
2008
3 Featured Posts Outside Blog Hit Router

Yikes!!!!  Better get the word out about the ability to rent a mansion in Palm Coast, Florida for next to nothing...LOL!!!

4:48am • #3
138,417 Points

Hello, welcome to Active Rain! This seems like a wonderful environment to network as well as learn from others. I hope you enjoy yourself and participate often in the Active Rain environment!

1:38pm • #4
Outside Blog

I just stopped by to welcome you to Active Rain. I hope that you find it a great benefit to your business and that you see the value that I have also found here. I am from Charlottesville Virginia and using Active Rain has really increased my business!

My main blog on Active Rain is here: Charlottesville Real Estate Blog, not the link at the bottom of this post. 

I hope you will look into the many groups as there are some great group both local and broad based,.... 

enjoy!

8:05pm • #5
AUG
06
2008

Thanks for the comment.

 

8:44pm • #6

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Robbie T

Jacksonville, FL

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