What Does $500k Buy In 2009′s Credit Crunched Property Market?

We’re in the midst of a recession and property prices around the world are falling, but USD isn’t faring too badly. So if you have some cash to invest, now is actually a very good time to think about buying up some property. And as this worldwide real estate comparison shows, $500k actually goes quite far both in terms of what you can get and where it is located. Spend your $500k on a one bedroom apartment in NYC, or get yourself a villa overlooking the Mediterannean … let me think about that for a second!