With so many real estate markets expected to continue price declines next year, it’s been tough to find a place where price are supposed to go up. After an exhaustive search, I noticed an article on Reuters showing that real estate prices on the moon have increased 40% in 2007.
Who knew you could buy anything there. I didn’t think anyone has been there since Kennedy was president. An investment banker at UBS quoted in the article says that real estate prices on the moon peaked in December 2005 at $37 per acre and then fell to $16 per acre in January of 2005 before making a comeback in 2007.
A quick search on Google netted a ton of sites offering real estate for sale on the moon. Some of the ones I found were lunarregistry.com, moonshop.com, and lunarembassy.com. According to the United Nations, governments can not claim ownership of the moon so I’m not necessarily sure how they’re pulling this off.
It’s probably a scam but it’s quite interesting to find a marketplace for real estate in a galaxy far far away.