Real estate pricing: million is not enough

American magazine Forbes summed up last years real estate market pricing: now even 1 million dollars wont allow you rampaging too much.

The magazine states: prices for houses and apartments were increasing all over the world, most of all in Scandinavia and Eastern Europe. So, Forbes magazine puzzled itself a question: Which realty and where one can buy having a million?

It turned out that you have nothing to do in London having only 1 million dollars. Prices increased 10% for a year in Britain, and 1 million is just a modest sum which is enough only for a one-room apartment in London. However, a buyer can count on living in the vicinity of subway: what a useful neighborhood for a millionaire! You will get no view, neither any particular conditions for this sum in London. Unhappy millionaires feel little better in Paris, Sidney and Dublin. They cannot count on a house for 1$ million, but they can choose a two-room apartment.

Realtors recommend developing markets for your investment. The Old World is too small, old and densely populated. Ignoring any stereotypes and having a million, you can go to Hong Kong. Now you can buy a three-room flat (74 sq meters) there. But this apartment will be situated in a high block.

This is a peculiarity of a built-up and overpeopled Hong Kong. Well, everybody is different. Someone likes Parisian Monmanrtr, someone prefers big business closeness. You also can think about Republic of South Africa or Egypt. You can buy a house for 1 million there. This wont be a town house, but just a small, but quite comfortable dwelling. And still, Forbes recommends Canadian Montreal. Now they sell an apartment a la Art-Deco style with three rooms and three bathrooms, viewing gardens there. However, experienced millionaires characterize this style in other way decently, but tastefully.

Moscow is still glad to a millionaire. There you will find lots of newly-erected buildins in outlying districts. Want spacious apartments in high blocks here you are, but it is very far. If you want a center, then it will be something very small in an old building and out of fix. Most insignificant deserving offers in the center of the city start from 2$ million.

New York is more democratic. It will offer you a three-room apartment (65 square meters) viewing U.N.O. building, with 3,5 m ceilings and white oak parquet. Well, it looks almost smartly in comparison with London one-room flats. And still, you are dreaming of something more for 1 million dollars.

It turns out a millionaire cannot live it up in Kiev too. You can buy an elite apartment in the center of the city for 1 million, but then your money will be over. The most expensive apartment in Kiev costs already 40$ millions.

So, what do we get? A man having only one million feels sorely. Maybe he is a millionaire, but he cannot afford himself anything especially luxurious.