One Uptown is one of Dallas' hottest addresses (credit: North Texas Luxury Living).
DALLAS—A study recently looked at what $1,500 per month could rent in the world's top 50 global cities in 2019, based on AT Kearney's most recent ranking and data from Numbeo. But because some people would prefer to own rather than rent, PropertyClub gave the ranking a new spin.
PropertyClub took the cities in the AT Kearney ranking and looked at how much space could be purchased in each city, given an extra $250,000 to spare. Three US cities are in the top 10 of the least expensive: Dallas, Houston and Atlanta.
In Dallas, a home with 1,018 square feet can be purchased for $250,000. That is five times more space than in New York City for the same purchase amount.
"Dallas definitely offers great bang for your buck when it comes to real estate," PropertyClub CEO Andrew Weinberger tells GlobeSt.com. "But that's not likely to last as the city is in high demand with one of the highest net migration rates in the country, and the area's attracting everyone from Millennials to Wall Street banks such as JP Morgan with 25,000 workers in Plano."
Two US cities made it into the top 10 priciest global cities ranking for homebuyers: New York and San Francisco. But while San Francisco is the priciest US city for renters, New York City is the most expensive for homebuyers with a sale price per square foot of $1,356.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
