I know this is a very general question and the USA is a very big place, but as a broad average, how would the price of an identical house vary between the USA and UK?
Thanks!
2007-03-08 08:48:16 · 6 answers · asked by Nelson 1 in Business & Finance ➔ Renting & Real Estate
It's cheaper in the USA.
2007-03-08 08:56:06 · answer #1 · answered by no_fool 4 · 0⤊ 0⤋
Sorry but this is way too general. Are talking London or Birmingham. Also house in the US are generally a lot larger than houses in the UK but probably don't have as sturdy construction. For that matter identical houses in Florida and Idaho are going to be different prices.
2007-03-08 08:57:37 · answer #2 · answered by Potcake 2 · 1⤊ 0⤋
You're right, this is a broad question. Probably too broad to get a decent answer. London is more expensive than any place in the US, that much I can say for sure after visiting there in November.
You can't just look at prices to do your comparison, though. You need to take into account differences in taxation as well as dollar versus pound conversion rates.
2007-03-08 08:56:16 · answer #3 · answered by Cardinal Rule 3 · 1⤊ 0⤋
I would say the UK is more expensive on average.
The average price of a place in the UK is now about 200,000 Pounds - equal to 400,000 USD
US prices were about 250,000 plus in '04 - still quite a bit shy of 400,000.
More land, cheaper building materials would also help.
2007-03-08 08:59:04 · answer #4 · answered by ShogiO 2 · 1⤊ 0⤋
Are you talking the initial investment or cost of maintaining them. The real estate taxes in the US are higher but I would venture the initial purchase price in the UK would be greater assuming comparable areas.
That said even in the US has wide array of comparable areas that would cause wide variance in prices.
2007-03-08 09:39:49 · answer #5 · answered by Jim7368 3 · 0⤊ 0⤋
USA for sure!!
2007-03-08 09:08:58 · answer #6 · answered by Nina V 1 · 0⤊ 0⤋