5 International Dream Homes That Cost Less Than A London Flat

There's no other way to say it. The news featured below is going to make you feel pretty queasy.

A new study has confirmed what any Londoner has long suspected to be true: Rents here are hella expensive.

Research from real-estate portal Lamudi shows that the average London rent has reached an all-time high of £1,515 per month. That, friends, will afford you only a studio — though, to be fair, said studio is located in the posh Chelsea neighbourhood. It's not exactly slumming it, but still. Ouch.

Venture out of London, and you get so much more for your money. For £1,179, you could be living the dream in a one-bedroom rooftop flat in Berlin. In New York City, £1,505 will fetch you a prewar studio apartment on the Upper East Side, which doesn't really compare to the two-bedroom luxury condo £1,489 will buy you in Cebu, The Philippines. That includes a sports-club membership, by the way.

The choice is yours. You can confine yourself to a single room in Chelsea, or do the Eat, Pray, Love thing in a three-bedroom villa near the beach in Bali (South American lover sold separately) for less. Is living near Spencer and Mark-Francis really worth it?

Read on to see what you're missing out on.