Half a million dollars seems like a lot of money, but when you put them on the real estate market, you realize it’s not that much. If you take a tour of the global property markets, $500,000 can buy you a three storey house in some cities, while in others you can hardly afford a one-bedroom apartment.
Find out what properties you can get for $500 000 in 10 cities around the world.
For $515,329 in London, you will get a one-bedroom flat in Yates Court with private balcony and communal gardens.
New York, USA
$495,000 will buy you a one-bedroom apartment in Upper West Side in a Renaissance building, built in 1920. You also get a laundry room and common storage at no additional cost.
For $500,000 (¥55,000,000) you can get a decent 46.65 m² one-bedroom flat in the Shibuya district.
For $515,157 (FJ$1,097,000) in Korotogo will buy this two-storey beachfront house with three bedrooms and about an acre of freehold land. The house also comes with cyclone certificate.
Cape Town, South Africa
With $514,350 (R 7 995 000) in Cape Town, you can become an owner of a luxury two-bedroom apartment near the St. George’s Cathedral in the city center. This luxury estate also comes with two bathrooms, two spacious garages, and a gorgeous view.
$513,364 (€ 458 000) will buy you a spacious three-storey luxurious property with a large garden and five bedrooms in the prestigious Boyana neighbourhood. Or you can get a three bedroom luxurious apartment in the Sofia city center for about the same price.
For $492,409 you can buy a 3-bedroom spacious detached property of 168 sq m with a small garden in Swords or a one-bedroom apartment in the suburban seaside town Dún Laoghaire.
$517,400 will be enough to get a fancy 90 m² apartment in a premium residential complex, next to Troparevsky Forest Park in Moscow.
With $450,432 you can buy a 3-bedroom luxury apartment in a newly build residential building or you can spend $489,600 for a single storey 4-bedroom old house with 620 m2 and two garages.
Just $449 100 (TRY1,325,000) will be enough to get a 6 bedroom beachfront villa of 650 sq m with private pool near West Marina in Istanbul. You also get a private beach area for residents only.