The average price per square foot in Manhattan, NY is $1,500, according to My Dolce Casa.
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Manhattan, New York is famous for being expensive. The city is consistently ranked as one of the most expensive places in the world.
Buying a 500 square foot condo in New York City can cost you about $750,000, according to the research blog, My Dolce Casa, which is based on a study of Realtor data that shows that the average price per square foot in the city is $1,500.
You can effectively trade a small studio apartment in the city for a mansion that sprawls over 7,000 square feet in Sicily, Italy, or opt for another property in the Mediterranean, about 10 times the size of the studio.
Here’s what you’ll find in 10 popular Mediterranean destinations for the price of a 500-square-foot apartment in New York City, according to an August report by My Dolce Casa:
For the price of a 500 square foot apartment in NYC, you can get over 7,000 square feet of property in Sicily, Italy, according to My Dolce Casa.
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Sicily, Italy
Property Size: 7,212 sq
Famous for its rich history, beautiful beaches and picturesque hilltop towns, Sicily, Italy is a popular tourist destination, seeing more than 6 million visitors annually, according to a July report by Worldmetrics.org.
Despite its popularity, you will get a lot of money to buy real estate on the Italian islands. Sambuca di Sicilia, a commune in Sicily, went viral in recent years when it auctioned houses with a starting bid of one euro.
For the price of a 500-square-foot apartment in NYC, you can get an over 4,000-square-foot property in France’s Loire Valley, according to My Dolce Casa.
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Loire Valley, France
Property Size: 4,013 sq
Known for its scenic views, historic cities and world-class wines, with an average price per square meter of $187, you could trade in a NYC studio apartment for a house eight times larger in the Loire Valley, according to My Dolce Casa.
For the price of a 500 square foot apartment in NYC, you can get a 3,000+ square foot property in Porto, Portugal according to My Dolce Casa.
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Norte (Porto), Portugal
Property Size: 3,289 sq
Porto, is the second largest city in the country and is famous for its history, architecture, and enriched wines. Here you can buy a property more than six times the size of a 500 square foot NYC apartment. Portugal has become a hot spot for retirees, a safe and sunny, yet affordable destination.
For the price of a 500-square-foot apartment in NYC, you can get an over 3,000-square-foot property in Tuscany, Italy, according to My Dolce Casa.
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Tuscany, Italy
Property Size: 3,165 sq
Tuscany, Italy is a popular destination among tourists and will see more than 44 million stays in tourist accommodation in 2022, according to Statista.
Home to the Leaning Tower of Pisa and Michelangelo’s “David” statue, you can buy a property six times the size of an NYC apartment here.
For the price of a 500-square-foot apartment in NYC, you can get an over 3,000-square-foot property on the Greek Island of Crete, according to My Dolce Casa.
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Crete Island, Greece
Property Size: 3,488 sq
On the largest Greek island, real estate prices average $215 per square foot, according to My Dolce Casa. You can exchange your NYC condo to enjoy island-living in front of more than 3,400 sq. ft. in size on Crete Island.
For the price of a 500 square foot apartment in NYC, you can get over 3,000 square feet of property in Catalonia, Spain according to My Dolce Casa.
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Catalonia (Barcelona), Spain
Property Size: 3,061 sq
Catalonia, which stretches for hundreds of miles along the Mediterranean coast, and is home to Barcelona,a ends with the year 2023. Here, you can expect to get a house as large as 3,000 square feet, according to the report.
For the price of a 500-square-foot apartment in NYC, you can get a property over 2,800 square feet in the Canary Islands, Spain, according to My Dolce Casa.
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Canary Islands, Spain
Property Size: 2,830
The Canary Islands, a Spanish archipelago off the coast of Morocco, are also popular tourist destinations. By 2023, there will be around 14 million international visitors, according to Statista. Here you can swap your NYC studio for year-round beautiful weather in a 2,800-square-foot home overlooking the Atlantic Ocean.
For the price of a 500-square-foot apartment in NYC, you can get a nearly 3,000-square-foot property in the Italian Riveria, according to My Dolce Casa.
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Liguria (Italian Riviera), Italy
Property Size: 2,930 sq
Liguria, popularly known as the Italian Riviera, is home to some of Italy’s best destinations like Cinque Terre and Portofino. Known for good food and breathtaking views, here, you can get a property that is almost six times the size of a NYC condo.
For the price of a 500-square-foot apartment in NYC, you can get an over 2,000-square-foot property in Provence, France, according to My Dolce Casa.
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Provence-Alpes-Côte d’Azur
Property Size: 2,100 sq
The Provence region sits on the Mediterranean coast in southeastern France, and is home to Marsille, a popular port city that will see more than 16 million tourists overnight by 2023, according to new data. The world-famous French Riviera is also located in the Provence region, home to the popular city of Cannes and the coastal city of St. Tropez.
For the price of a condo in New York City, you can get a property four times larger in Provence.
For the price of a 500-square-foot apartment in NYC, you can get an over 2,000-square-foot property in Madrid, Spain, according to My Dolce Casa.
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Madrid, Spain
Property Size: 2,131 sq
Madrid, the capital of Spain, will see 10.6 million visitors in 2023, according to the Madrid Convention Bureau. The city is known as the financial center of Spain, has beautiful parks and a lively art scene.
Known as one of the best destinations for expats, you can trade NYC apartments for properties over 2,000 square feet here.
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