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What $1 Million Buys in Real Estate Worldwide

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What $1 Million Buys in Real Estate Worldwide?
Most people severely underestimate the importance of market trends when making overseas real estate investment deals. This can end up costing quite a lot of money.
You don’t want to do that to yourself.
Therefore, you must understand what you’re buying. Some property developers overestimate the value of properties. It’s vital that you get accurate figures. You want to make money, not lose it
In these crazy real estate times, there is a big difference between what 1 Million Buys. In this video, Andrew compares real estate prices in different countries.
00:00 Start
0:21 How Much Prime Real Estate Could You Buy for $1 Million?
1:26 Dubai vs. Hong Kong
2:26 Real Estate in Monaco
3:45 Real Estate in Singapore
4:30 Buy real Estate in Geneva
5:25 Real Estate in Los Angeles
6:09 The Most Expensive Real Estate Markets
6:48 Real Estate in Australia
6: 50 Real Estate in Dubai
10:41 Monaco vs. Dubai
111:45 Real Estate in Malaysia
11:39 Turkey Citizenship By Investment
12:12 Real Estate in Georgia
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Опубликовано:

17 авг 2024

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Комментарии : 128

@adrians.7489 Год назад

I spent 800k USD in Mexico. For 5000 sq ft of ultra modern, custom home with two pools. 6 bedrooms. Tropical weather all year, great food, and minutes from the beach. Same thing would be 6M+ in Miami.

@maserati4000 Год назад

looks like you got yourself a very nice setup. what do you do for living if you dont mind me asking (no need to be specific of course) and what made you decide on Mexico

@adrians.7489 Год назад

@@maserati4000 I recently sold my e-commerce company. I actually became a resident of Barbados and split my time between. Now I’m doing real estate down here (Mexico). I chose Mexico because of lifestyle. Great weather, great value, food, etc! Great place for ex pats.

@last_samurai6690 Год назад

In Auckland one million dollar will buy you an old small shack that need lots of doing up. Heck in some suburbs people are paying above that for a scrapper to be demolished.

@Zelielz1 Год назад

But you are thinking about 1 million nz dollars. Considering the exchange rate it's 1.6 million nz, you can find many options for that price.

@last_samurai6690 Год назад

@@Zelielz1 no I also thought in usd. Maybe a bit of an exaggeration on my part but still.

@michaelhall7028 Год назад

The Gulf is where to go if you want value for your money and if you want low property tax. Dubai is indeed great for this, but also Qatar (Doha) and Oman (Muscat) are other great places where you have tax friendly conditions in modern cities that have modern Real Estate for sale at great prices. Abu Dhabi also in the UAE like Dubai is another interesting city to invest in. Being in the Middle East and in a central geographical region, they attract loads of investors from Europe, Africa and Asia. I also like Singapore, but it's just too expensive these days and so I see the Gulf as the best place for property investment in the foreseeable future.

@user-wi9nn6dz8w Год назад

Oman along with Bahrain are also fantastic places with an extremely friendly population that makes you feel welcome as a foreigner. I would move back there any time!

@sibaroochi Год назад

But can I drink there?

@tooxtalivai0690 Год назад

@@sibaroochi exactly

@michaelhall7028 Год назад

@@sibaroochi Yes, of course you can drink in these countries. There are plenty of bars in the hotels and the sports clubs over there, so you will have plenty of choice. Of course, you can't drink in the streets or anything, but there are plenty of places to drink in the many hotels in these countries.

@user-fk2td7jd7t 9 месяцев назад

@@sibaroochi Lol! 😂😂😂❤

@masoodrazaq Год назад

Agree on your comments about Dubai. I am also a resident and property owner there. It’s one of the best places to live about 8 months a year - safe, efficient, tax friendly and very international lifestyle. Then you need a summer place in Europe or N America. If you are cost sensitive and like a tropical setting, summer in Bali is also great.

@UrbanTchen Год назад

I'm from Switzerland. You are showing Zurich, while talking about Geneva😁

@gugy68 Год назад

Yep, I'm not even from there but could see it. lol

@jeremyleonbarlow Год назад

Honestly having looked at Monaco real estate prices recently $600k for a parking space there is probably a good deal. A nice apartment with 2 parking spots was $15.9 million. The benefit of Monaco as a tax haven is that essentially you are in the South of France and can take a day trip to the Alps, or be in Nice or Cannes in very little time. You get France without the French taxes.

@kennethroth6757 Год назад

I found some cheap ones 150k-250k lol

@thierrysf Год назад

I am French and I know the French riviera quite well. if the only benefit of living in Monaco is being in the South of France without French taxes, it is just not worth the money unless you are so rich that money is absolutely no issue at all.

@jeremyleonbarlow Год назад

@@thierrysf I looked into it when day dreaming about the billion dollar lottery that someone in Illinois won here in the US a couple of months ago. I thought about where I would buy houses. All total the 9 places I would've wanted a home would've come in at just about $30 million with about half of that coming from Monaco obviously, and it would just be a place to go during the spring or fall in years that Montenegro or Cyprus didn't win the honor. After setting up a Private Foundation and DAF to shelter most of the money from the US tax authorities on such a windfall, that would have been about 10% of what you could easily hold onto for personal use, so obviously money would be no object.

@generalshepherd457 Год назад

You got to hussle a bit. Some of these prices are what they dream about selling for.

@phantomasss7772 Год назад

Long story short, Monaco is for the big ballers, 9 figs and up

@RomanVarl Год назад

6:50 Dubai's problem is the summer heat. You literally can't spend time outside for more than 10 minutes from May to October and all the people leave for Europe etc., where they are from.

@andreww3621 Год назад

wow, that's half the year lol.

@andreww3621 Год назад

@Pat Risberg Yeah, no thanks....

@sam4thdimension Год назад

Yup, 6 months of hell & 6 months of summer :D

@KB-jl7tm Год назад

And its a city without much character. No thanks.

@andreww3621 Год назад

@@KB-jl7tm Exactly. Skyscrapers as far as the eye can see along with a spread out design. Nothing but a dick measuring contest.

@HigginsLawLLCWinterHaven Год назад

now please do what must of us can actually afford, like $100,000 or $200,000, since we need 3 of them for the trifecta

@kennethroth6757 Год назад

U can buy a place in Columbia for 200kish then they give u a Permanente residency then after 5 years u can apply for citizenship

@Zelielz1 Год назад

@Pat Risberg What? In most third world countries the price of a property is above 80k. Maybe if you go to some non-developed ex-soviet union country in the middle of nowhere...

@Zelielz1 Год назад

@Pat Risberg You said brand new home...

@HigginsLawLLCWinterHaven Год назад

@Pat Risberg where

@HigginsLawLLCWinterHaven Год назад

@@kennethroth6757 do you have to stay there 5 years?

@eylonemuskson4177 Год назад

I always fancied Zug/Lucerne in Switzerland; but the idea of Dubai is growing on me...

@luisdetomaso867 Год назад

How do you even compare living in a concrete tower in the desert to a beautiful, green alpine location?

@eylonemuskson4177 Год назад

@@luisdetomaso867 haha, that's why it's taking so much effort to change my mind...

@gugy68 Год назад

I would pick Switzerland for sure over Dubai. Beautiful place despite the uptight Swiss folks. Also great location to quickly hop to different European countries. Dubai is just a glorified middle east Vegas in the super hot desert. Great to visit for couple of days and out of there.

@JerryMassey Год назад

I would split the $1 Million into something like this: Georgia - 100K (Two properties. One for me. One to rent out. Gets me residency.) UAE - 250K (One property for myself. Gets me residency.) Turkey - 400K (Multiple properties...all to rent out. Gets me citizenship.) Thailand - 250K (Lifestyle play. One property for myself.) Or 225K (Still a lifestyle play for myself.) and take the leftover money and buy a five-year Thai Elite Visa. Should have around $4,000 left out of the $1 Million if these are hard prices that stick. I think that's diversified enough for someone who isn't into Central America, South America or Africa. :)

@anakarina1011 Год назад

Why aren’t you into South America?

@ladlem3 Год назад

There's hardly any decent property to buy in Turkey for 400k right now. More like 500, 550. That is, if you want something that's actually worthy and has resale potential

@namalanoi4030 Год назад

@@ladlem3 2nd market in Turkey u can get good property in 400k

@JerryMassey Год назад

@@ladlem3 I mentioned multiple properties. There are some bargains and you can string multiples purchases together to hit the 400K amount to qualify for CBI. But go ahead if you think that there are no properties available for 500K or below as I look to string together multiple properties to get me to 400K.

@JerryMassey Год назад

@@anakarina1011 I don't think it's my vibe and it's distant from Europe and Asia. Granted, I've never been so who knows? I have been to Mexico multiple times and it's not bad. So if I were in a bind, that could be an option.

@j562gee0hdeewestsdegethemuLa Год назад

I always wanted to go to Dubai but man that heat seems unbearable

@leelavenusian1808 Год назад

The heat and humidity is insane, no one goes outdoors & I come from a hot country🥵

@niToitsyeSkxawng Год назад

some of the scenery of "Geneva" is actually Zurich. First shot is Geneva, the other 2 are Zurich

@user-fk2td7jd7t 9 месяцев назад

Andrew is a helpful gentleman, & twice the charm. Interesting video Andrew. THX! I was wondering about Australia and thought housing might be expensive.

@Patrick-xo8ht Год назад

I’m surprised Toronto and Vancouver are not on this list yet Sydney and Melbourne are. Not very comprehensive I’d say.

@pmb6667 Год назад

Canadian cities get skipped a lot in these 'lists' or stats.

@christinedavid007 Год назад

How about Tbilisi, Georgia as a place to buy!

@MojoPenguin Год назад

NYC rents are way way cheaper than in Geneva just saying.

@31gamenation Год назад

But NYC flats have fame of being infested with rats and thugs, same with london

@nolanhitchens Год назад

Apartments... meh. But yes, they are better suited to a nomadic lifestyle, considering maintenance and security etc.

@ShibaSoftware 11 месяцев назад

Interesting video. I would love to see a video that outlines cities/regions where a $200-300k USD annual revenue allows an individual to live and eat quite well without making huge sacrifices in other areas like safety, clean air & water, good public transportation, good public infrastructure (smooth roads, bridges, high speed internet, EV charging). I have been living in mexico for the past 2 years, but cost of living has gone up dramatically as the value of the dollar falls.

@hectorotoro Год назад

What do you think of Guatemalan real estate en taxes ?

@chrismahermusic5142 Год назад

Does Dubai still have 100% insured banking? Are there other countries that do this?

@marcus1414 Год назад

Where do you stay at the moment, Andrew?

@stask3851 Год назад

Best weather, lol, middle aqi in Dubai about 100-150

@ericeverson5956 Год назад

Excellent video.

@nomadcapitalist Год назад

Glad you liked it.

@mysterio1336 Год назад

Andrew what do you think about buying a store and rent it, instead of flats/houses?

@trueairspeed130 Год назад

what are you thoughts on living on a boat that you can relocate?

@boggyb7731 Год назад

Constant and costly maintenance.

@trueairspeed130 Год назад

@@boggyb7731 so not much different than an expensive house, minus the property tax.

@JudgeDredd_ Год назад

Costa Rica or Panama for 200K pocket the rest

@crowwhisperer2993 Год назад

Can you please explain what you mean by Personal Freedoms? What does Tbilisi Georgia offer that the USA doesn't?

@coney2010grads Год назад

Now do $100k 😆

@FromTheBiggining Год назад

That's must be his largest audience,😄😄😄

@reel-canadian2700 Год назад

Why did you not mention Vancouver? Always rated in top three for highest real estate not to mention very high rents and many high assorted taxes and general very expensive for almost everything else?

@andreww3621 Год назад

Because Canada sucks ass...

@ModernAlpha Год назад

Vancouver real estate is primed for a massive crisis.

@Dis_is_fine Год назад

How does your wife like the time you guys spend in Dubai? It would be nice to know the point of view of a woman regarding some of these places you talk about.

@pmb6667 Год назад

Agree, especially there in the Gulf region.

@ronniechowdhury3082 Год назад

Dubai is great as a woman. Do whatever you want, enjoy a great lifestyle! And very safe too

@HigginsLawLLCWinterHaven Год назад

@@ronniechowdhury3082 are you a woman?

@dixztube Год назад

Should do a fun video of various hair styles you’ve had or want to try. Spice it up! Lol

@merrychase9744 Год назад

Zurich is nice, but its in the middle of Europe, the ultimate battlezone!

@Imhim247 Год назад

It'll definitely be in Belgrade for me with millions USD/Dinars. Probably can be set for life over there

@Imhim247 Год назад

@@stevan2399 Really? You can tell me more about it? This is new to me

@ladlem3 Год назад

@@stevan2399 I guess that's not a bad thing unless you hate Russia then Serbia is not the best choice

@Imhim247 Год назад

@@stevan2399 Interesting. I do record Serbia and Russia do have a big brother relationship. It's sucks that it get expensive before the war happened. Live outside of Belgrade be a other good choice?

@Imhim247 Год назад

@@stevan2399 Anson thanks for this. I still made a plan to go visit Belgrade in few months

@Zurich_for_Beginners Год назад

4:44 this is Zürich not Geneva.

@panamapropertyguru461 Год назад

4,000-5,000sqft in Panama City

@tenajones2841 Год назад

I’m curious, exactly what percentage state and federal taxes would a seven/eight figure income earner feel is fair? I assume they expect to contribute something for services and infrastructure, yes? This is a serious question.

@jakubgolonka3126 Год назад

@@merrychase9744 yes, but they fund those things through other avenues like oil money so it’s not a fair comparison

@tenajones2841 Год назад

Merry, my comment never said I didn’t believe low tax countries didn’t have good infrastructure so you don’t need to assume what my thoughts are and tell me I am living in a bubble. I’m not making comments to match wits with anyone. I was asking what percentage high income earners expect to pay in tax. O%? Fine, I don’t care. Next question is how does a country pay for goods and expected infrastructure expenditures without taxes? Like mentioned, oil profits? sales taxes? Property taxes? I guess depends on the country yes? It’s a discussion for my own education, not to argue with anyone.

@Thinkthanker Год назад

Vancouver is not in the list? : 1 million = 600sqft (10 year old condo), the source doesn't seem accurate , Vancouver & Toronto are more expensive than LA, Sydney, Berlin, Miami, Melbourne, even NYC (NYC is expensive to rent but more affordable to buy) Also I don't think in Dubai, you can buy property, as far as I remember, what you pay is for a 100-year lease

@ericeverson5956 Год назад

I am shocked to see Dubai, it is beautiful.

@samtoo2010 Год назад

Yeah sure buy property inDubai and good luck when u want to sale it. While in Monaco every 10 years that parking lot value doubled and it’s tax free plus u can rent it out for € thousands per month tax free

@bootmender Год назад

So my 200 hectares of land 3 homes totaling 7,000 sq ft look East all you see is the Atlantic ocean, looking west and all you se is the Caribbean. all Solar power and a runway of over 3,000 feet for 18 million doesn’t sound to bad anymore? There are no locks on any doors here, and the biggest crime is the moneys stealing bird feed and the chickens crowing at 4:30 AM.

@leelavenusian1808 Год назад

Are you on an island in the Caribbean ?

@andrewhenley2161 Год назад

Is there a way to get a golden visa somewhere (I am considering Ireland for various reasons) and spend the time necessary to naturalize as a citizen and take my girlfriend with me? Or is marriage beforehand and immigrating as a couple the only option? To my knowledge they wouldn’t allow me to “gift” her the capital needed for the investment in the case of doing 2 separate golden visas.

@becraftcorey Год назад

This seems off to me. I have shoped real estate in Singapore and for like 500k 550k S$ you can get a 3 bedroom flat that's thought 1100 sq feet so personally this seems wrong to me, idk what type of housing there talking about

@coolrunnings5383 Год назад

That sounds like HDB (government housing, which non residents cannot buy. Non residents would have to go private (mostly condos), which are S$1mm +

@nikosniko7092 Год назад

1st! Winning 🏆

@kevsm Год назад

Very strange that you criticise places like NY for taking away people's freedoms and the first place you recommend is Singapore...home to some incredibly restrictive laws that restrict it's populations behaviour.

@maxflight777 Год назад

Kev, but some of the laws in Singapore are actually positive and reassuring! It’s not all anti- resident ! Those laws are to make life better and more comfortable.

@KB-jl7tm Год назад

Absolutely correct. Dubai isn’t such a free place. Try living there as an unmarried heterosexual couple…forget about living there as an openly gay couple. There’s no real freedom of speech; the majority of the population is made up of migrant workers living with little freedom.

@tenminutetravelbreak Год назад

Now compare that to what $1 M buys you in SoCal or the Bay Area

@MrWaterbugdesign Год назад

I've been looking in SE Asia and keep getting surprised how expensive land is there when rents are so low and what you get for the money. I do think very good deals can be found when in country. Asians seem to have the view values only go up, up, up. So mostly speculation, which is why rents are low. But when they actually need to sell a property they sometimes hit the reality of maybe months and months without a buyer. That's when the price comes down. Very hard to get comps or really any info. Have to look at many properties just to learn what the value is so the amount of work needed makes it difficult. And of course selling is a problem, plus the political risk. USA looks cheap to me now. Easy to buy, good rents, great infrastructure, great legal system. US property looks 1/2 price to me.

@cheery-hex Год назад

In my experience it's because you're a foreigner. If you hire a local who knows their stuff to negotiate for you you will get a much better deal

@cheery-hex Год назад

wow a million bucks to live in a closet! glad I'm not into city life

@thierrysf Год назад

The price for Paris real estate is completely bogus. High end real estate in Paris goes for about 15,000 EUR/m2 which translates into over 700 sq ft for $1 million at today's exchange rate. This is a lot more than the claimed 445 sg ft. I suspect all the real estate prices provided by this source are grossly inflated.

@deckape69 Год назад

Cash about 3 houses

@kennethroth6757 Год назад

Could buy a whole Ukrainian village

@jackv6477 Год назад

You cannot outright by real estate where you receive a true title on land and brick and mortar you are simply getting a contract/ agreement to occupy that land with or without brick and mortar with a few privileges in exchange for your tax rent, and I say tax rent because ultimately taxes are ultimately rental payments. Ultimately it is those that control the standing armies that have the ability to state by virtue of Fiat, Let It Be that are able to establish true title on land, mainly that they are the ones that can initiate the greatest amounts of violence to persuade everyone else that they hold the true title on land. This is important to understand especially as we move into a more dystopian world, and if you don't see this by now you've got to be incomplete denial. Yet with this important understanding you can then make more realistic decisions as to how to invest the past fruits of Labor so you do not end up having all of your private property confiscated just like your ancestors did at precise historical social economic policy intervention by Central planners at any point in history that transition the majority into poverty while transferring all wealth and property back into the hands of a few. Economic Boombox Cycles are no accident they have been occurring since at least 200 BC and all with a very direct methodical intention of transferring wealth from the majority to the minority through government policies that allows the enforcement of such policies through the initiation of force by the standing armies. The element of Monopoly is what triggers and inflates these massive economic Boombah Cycles that ends with the convenient byproduct of transfer of wealth. It is this very monopolistic elements that we use to determine the misery index, the true root cause of most all human generated misery stems at least directly due to that which is created when you have and operate within a monopoly over the economy and monetary unit. And this is so despite the fact that the actual misery index is calculated by factoring and the unemployment rate and rate of inflation as these two factors are ultimately embedded in the deeper root cause of Monopoly itself. At this juncture in our history you have no other choice but to invest in something that cannot be easily confiscated whether by stealthy monetary inflationary policies or outright direct involvement by the standing armies to confiscate that which you believe is yours. Please consider and refer to forfeiture laws.

@doyourbestleavetherest Год назад

Feels like if I was American I would never leave the country. Money is not everything. Pay the tax because New York is worth it. What is Singapore?

@coding7196 Год назад

Good grief.

@tooxtalivai0690 Год назад

1 million dollars who has that laying around

@nomadcapitalist Год назад

A lot of people.

@jimsalmon5158 Год назад

What would $1,000,000 get you in Cancun?

@adrians.7489 Год назад

I can show you. My business partner purchased a 5000 sq foot penthouse with a private pool and private elevator access for $1.2m. One of the nicest apartments I’ve ever seen. Water and golf course views. Amazing spot ultra modern and safe.

@AmanSingh-wb5tp Год назад

This list is kinda bullshit. Tbh u can get a way bigger spot in LA for that

@adrians.7489 Год назад

A million bucks will barely get you 900 sq feet on the west side (Santa Monica / Venice) And you would be living next to thousands of homeless people. I lived In LA for 11 years. No thanks !

@AmanSingh-wb5tp Год назад

@@adrians.7489 I live in the bay area and 1 Mil will get u a decent spot in the east bay easily

@generalshepherd457 Год назад

Monaco is better if you are gay. You are probably going to get thrown off the balcony at some point in these arab locations.