5.) A castle in France is cheaper than an apartment in New York City – Castles are often associated to royalty. Therefore, people who are interested in buying one must burn a fortune.
However, a castle in Midi-Pyrenees, France can be yours for only $1.62 million. This property is almost 14,000 square feet big and it has six bedrooms. It also has a grand staircase, an elevator, two kitchens, study rooms, a chapel, and a courtyard. That’s a regal bargain there!
On the other hand, an apartment in East 30th Street, New York is worth $1.65 million. This property is just 1,200 square meters wide and it only has one bedroom, a full bathroom and a shower area. The view from the window is a far cry from what you can witness in France but you would have to shell out more money to call it yours.
It seems like proximity to everything, and not prestige and elegance, is the driving force behind property prices.