Have you ever dreamed of living abroad but found yourself wondering exactly how far your buck would go in another country? Well, we’ve done the research for you and aim to put your foreign fantasy in perspective. Below is a list of some of the world’s largest cities and a snapshot of what $500,000 USD would get you in each market.
1. Paris, France
If you’ve ever dreamed of living in Paris, your 500K won’t go very far in the City of Lights. Within this budget, you’ll be able to grab a small apartment at best.
Area: 45 square meters
Amenities: View of a garden and some charm.
2. Saudi Arabia
If you can stand the sweltering desert heat and living amongst many war-torn countries, your 500K will get you a rather spacious villa in Saudi Arabia.
Area: 660 square meters
3. London, UK
Widely known as one of the most expensive cities in the world, buying a home in London falls nothing short of its reputation. Though it will get you more than Paris, 500K won’t get you much.
Area: 60 square meters
Amenities: Master bedroom, 23-foot garden, fireplace and hard wood floors.
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4. Shanghai, China
When it comes to living in one the most compact cities in the world, surprisingly, just over 500K will get you a decent apartment that is pinned between the bustling Shanghai financial district and the Huangpu River.
Area: 173 square meters
Amenities: Front gate security, underground parking, close to shopping, restaurants and public transportation.
When you live in one of the most densely populated regions of the world, good space is hard to find. That said, 500K in India will get you a decent apartment but space is limited.
Area: 88 square meters
Amenities: Fully furnished.
6. Buenos Aires, Argentina
If South America is your desired destination, your 500K will go quite a bit further than some of the European and Asian markets. For that amount, you’ll get a nice apartment with some respectable amenities!
Area: 162 square meters
Amenities: Amazing view from 20th floor, central location, 24 hour security, master bedroom, laundry, parking space and personal storage space.
7. Moscow, Russia
Unlike some of the other European cities on this list that will bleed you dry, 500K will buy a very spacious 3 level cottage in Russia.
Area: 180 square meters
Amenities: Laundry room, storage, balcony, garage, sauna, fireplace and “western” renovations.
8. Mexico City, Mexico
Topping the list with easily the most bang for your buck, buying real estate in Mexico is all that it’s cracked up to be. Not only will 500K get you more square footage than anywhere else but the size of lot is clearly unmatched.
Area: 560 square meters
Amenities: 3,400 acre lot and 2 car garage.
9. Tokyo, Japan
Although 500K will get you an apartment at one of Japan’s ski resorts, if you’re looking to live in Tokyo, you can still manage to score a brand new apartment with some room to breathe.
Area: 80 square meters
Amenities: Brand new – built in 2009 and never before occupied!
10. Cairo, Egypt
Much like Mexico, Cairo is another great city to spend a little to get a lot. In fact, 500K gets you the most square footage of any other on the list in the form of a nice stand alone villa with a private garden.
Area: 600 square meters
Amenities: 3 story villa, garden view, terraces, master bedroom and garage.