The worldwide recession has hit a lot of people hard, but it's not all doom and gloom. Far from it actually, as is the case with property. As the price of real estate has fallen, there are plenty of bargains to be had all around the world! The villa pictured is in Halcyon Hills, Greece.

No doubt there will be a few reading ready to point out the error in the title. Surely, it’s a mistake? Homes for less than 50K? No way! But yet, it’s true. Since the global financial debacle of last year, it’s shocking how many homes are available for sale for under US$50,000, especially in the US where the housing market was hit hardest.

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From the Upcoming ueue, submitted by Arby.