The real estate world is an exciting one to say the very least. You will be surprised by the amazing properties from around the world. Here are some rather fascinating property facts about the real estate world that will blow your mind!
Property Fact One
The most expensive home ever built is valued at $1 BILLION!
Source: Gentleman’s Journal
Yes, you read that correctly. $1 BILLION. At the time this mailer was created, the value of this home which is situated in Mumbai, India, is $1 billion. To put into comparison, the most expensive home ever sold in South Africa is only R290mill.
Property Fact 2
The biggest pyramid in the world is NOT in Egypt…
Source: Science Alert
The largest pyramid in the world is actually in Mexico! In fact, it is four times larger and twice the volume than that of the Great Pyramid of Giza. It is suspected to be from around 300BC old! Talk about vintage real estate!
Property Fact 3
No such thing as a vintage home in Japan!
There are more architects and construction workers in Japan than in the USA! Nearly half of all homes are DEMOLISHED within 38 years! There is massive demand to buy a new home rather than a pre-owned home. It is said that homes become worthless in as little as 15 years.
Property Fact 4
North West Province is the cheapest province to build a home in!
At R5,060 per square meter, North West is the cheapest province to build a home in whereas, KwaZulu-Natal is the most expensive at R9,160 per square meter!
Property Fact 5
More and more women are taking over the property market!
Statistics are showing a growth in female home ownership! For instance, there has been a 48% increase in home loan approvals for women since 2008; where as with men, there was a decrease of 15.7%.
There is a staggering amount of interesting facts about real estate out there. It is an industry that is constantly evolving. Make sure you become part of the new home ownership statistic by purchasing a home with Chartwell Realty! Click here to find the home of your dreams!