September 20th, 2007


Exchange Rate and a Speculator's Curiosity

In reference to pastilla's recent post about million dollar homes... as of today one million US dollars is equivalent to about 710-thousand euros.

How much of a house and property could one purchase in, say, Belgium, for 700,000 euros? Are other European countries less expensive, more expensive, or are prices pretty much the same everywhere? An English friend of mine used to tell me about a one square mile piece of property he looked at in Spain for something like 100,000 pounds, or a quarter of a million dollars. During my brief trip to Spain last year, my observations did not corroborate his claim about inexpensive property.