Price per square foot can be an interesting approach to pricing real estate and we though it would be interesting to compare luxury condominium prices around the world to other types of space for sale. How much space in a luxury condominium would you get for £100,000? These prices are based on Knight Frank’s annual wealth report 2007 and may have changed slightly since then. These are the top ten contenders.

1. London

London currently tops the list. £100,000 buys you 43.5 square feet. Coincidentally, this is exactly the same footprint as the Ford Escape, an American SUV. So you can rest assured you will be able to park the car at this price.

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Panzano in Chianti, Tuscany [Photo credits to Cinnamon Bun on Flickr]

Value for money in Tuscany and neighbouring Umbria seems more problematic than in most residential overseas property markets. Favoured by climate, landscape and history, these regions of Italy are well and truly discovered. So ready-for-occupation/letting properties are not cheap and nor is the process of buying in skills and materials to renovate properties. There is little new building going on as this type of property doesn’t have the allure of authentic Tuscany (but see this new build apartment in Tuscany).

Apart from possessing the skills needed for renovation, the only other way to increase what you get for your euros is to look beyond the core region around Florence and Siena. However, the tide of expat property investors has steadily been pushing out the boundaries of Tuscany’s second home market. So that, whereas bargains could be found in the hinterland of Lucca, in the west, or Grosseto, in the south, in 2005, this year the Lunigiana district is becoming the focus of attention. From here, Florence is almost as distant as Milan.

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