As the dollar gains strength against foreign currencies, properties in the U.S. are still considered a “good buy” relative to prices outside of the U.S., the NAR found.
When comparing the cost of a 120 square meter condo in various U.S. cities with similar condos in Toronto, Shanghai, Mumbai, London, and Mexico City, stateside condos were relatively much more affordable.
Furthermore, The Economist found that U.S. prices relative to income were 11 percent undervalued, compared to Britain and Sweden (27 percent overvalued), Australia (39 percent overvalued), Canada (35 percent overvalued), and France (25 percent overvalued).
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