In comparison to the most expensive cities in the world where you can buy property, Global Property Guide have also recently highlighted the world’s least expensive markets in 2009. If you’re after a real estate bargain and aren’t too fussy where you buy your property, then perhaps one of these areas may take your fancy.

The prices are based on the average cost of purchasing a 120sqm apartment, in good condition, in a city centre location and the price quoted is the average price per square metre.

The least expensive place to buy property in the world was found to be Cairo, in Egypt, where it would set you back a mere $574 per square metre (approx. £404). Next up was Bangalore in India, where the cost is $657 (approx. £462). The third least expensive city was found to be Concepcion in Chile, where the property cost was $669 (approx. £471).

The rest of the countries making up the top 10 least expensive international cities to buy property were found to be:

4. Quito, Ecuador – $820 (approx. £577).
5. Chengdu, China – $999 (approx. £703).
6. Managua, Nicaragua – $1,080 (approx. £760).
7. Jakarta, Indonesia – $1,102 (approx. £776).
8. Amman, Jordan – $1,150 (approx. £810).
9. Lima, Peru – $1,154 (approx. £812).
10. Santiago, Chile – $1,221 (approx. £860).

Bargain property

This entry was posted on Monday, March 9th, 2009 at 12:59 pm and is filed under Buying. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.