The Federal Reserve Bank of St. Louis reports that the median house price in the United States is US$440,000.
This isn’t because all Americans live in mansions.
That US$440,000 isn’t for beachfront. Nor is it buying you a huge house in a gated community.
That US$440,000 gets you just an average American house.
What if you took that US$440,000 beyond U.S. borders?
Well, then, things get much more interesting.
Let’s take a look at what you could call home around the world for the median price of a U.S. home.
First, here’s an example of the U.S. baseline. This is what US$440,00 buys you in Miami, Florida…
Not impressed? Me neither.
So let’s go shopping elsewhere…
Yeni Boğaziçi, Northern Cyprus
The Yeni Boğaziçi district has great lifestyle options. It’s close to amenities and the sea with easy access to markets, schools, universities, polyclinics, hospitals, amazing beaches, and ancient cities.
This villa has a garden, a garden terrace, a private pool, and two parking spaces. It’s on the market for US$424,000, has three bedrooms plus another smaller room, two bathrooms, and a total living space of 270 square meters. Price per square meter is US$1,579.
If this gets your attention, you could speak with our recommended local experts for more information. Reach them here.
This beautiful vacation home is located on Brazil’s northeastern coast in Itarema, Ceará, on the kite surf beach. It includes a swimming pool, garden, patio, and three parking spaces. The villa has a lot size of 735 square meters and construction size is 320 square meters. On the market for US$421,094, the price per square meters is US$1,315. The property has panoramic ocean and beach views, six bedrooms (three en-suite), and four bathrooms.
Interested in more information on the fantastic property deals in this region of Brazil? Reach out here.
Praia Da Luz, Portugal
This 126-square-meter villa has been split into two apartments. It’s on the market for US$434,000, with a price per square meter of US$3,444.
The villa is just a 3-minute walk from the beach and a 5-minute walk from the center of Praia da Luz, in a resort with swimming pool, garden, tennis courts, a playground, 24/7 security, internet service, and reception.
It can be used as two independent apartments, both with independent entrances, or as a single unit.
Ground floor consists of a living room and an equipped, open plan kitchen, a terrace, one bedroom, and one bathroom.
The upstairs consists of a living room, an equipped, open plan kitchen, a balcony, one bedroom, one bathroom, and a large attic bedroom.
More on dream property in Portugal is here.
This three-bedroom, three-and-a-half-bathroom villa is located in the Golden Zone just a few steps from the beach. It boasts a modern design with 3-meter-high ceilings, wide spaces, luxury finishes, and an open plan kitchen with a large granite bar.
The property is 220 square meters, has a terrace and pool, a laundry room, all bedrooms have a terrace or patio, and a garage for one car. It’s close to the Camino al Mar Shopping Center and trendy shops and restaurants. The villa has a projected completion date of late 2023 and is going for US$413,000 with a price per square meter of US$1,877.
This magnificent 16th-century residence overlooks the town’s historic center and is on the market for 446,000 euros.
The interior consists of 223 square meters made up of three apartments, plus an additional 157 square meters that could be converted into more apartments if desired. The house has five bedrooms, and the entire property is 3,200 square meters.
Corozal Bay, Belize
The Corozal district offers some of the best deals on ocean- and lagoon -ront property in Belize.
This six-bedroom, four-bathroom home is situated in one of Corozal town’s most desirable neighborhoods. The two-story concrete structure offers a total of 300 square meters of internal space and sits half a block from the beautiful Corozal Bay. It’s on the market for US$380,000 with a price per square meter of US$1,267.
The property is arranged in two three-bedroom, two-bathroom homes. You could live in one and rent the other for profit or just enjoy the entire property. Both are fully furnished, including the air conditioner. The homes are tastefully decorated and feature an open concept living, dining area, and kitchen area with mahogany cabinets and drawers.
A covered parking garage and veranda of 90 square meters is on the ground floor, and external stairs lead you to the large tiled rooftop veranda with beautiful views of the Corozal Bay and constant cool tropical breeze.
The property offers peace and quiet and offers quick and easy access to supermarkets, parks, banks, convenience stores, restaurants, and more.
The home is fenced and well maintained.
If you want to talk to our recommended Belize real estate resource about property options in this part of the world, get in touch here.
Editor, Overseas Property Alert