McDonald’s popular meal may provide real estate professionals with some food . . . for thought.
Tracking the price variation of the iconic Big Mac across the globe may reveal that what several foreign real estate investors currently pay for a home in the US in their local currency is many times different than what it should cost them. We’ve compared 2013 to 2006 and the differences may surprise you!
Burgernomics and The Big Mac Index
The Big Mac index was introduced by The Economist in 1986 in order to show the volatility of currencies across the globe and, in turn, the (in)stability of national economies.