Bulgarians Spend 10-Year Average Wage For New Home

Business » PROPERTIES | June 19, 2014, Thursday // 13:43
Bulgaria: Bulgarians Spend 10-Year Average Wage For New Home File photo.

The residents of Denmark, Germany and Portugal can afford to buy a new home for 2.1 – 3 years with an average gross income, according to a recent Deloitte survey.

In Belgium, the Netherlands, Ireland, Spain and Austria residential property is also relatively affordable, and costs the average gross income for 3.6 to 5.6 years.

To purchase a new home, buyers need to invest the average gross income for 7.9 years in France, 8.5 years in the UK and 10.4 years in Russia.

In the Czech Republic, Italy, Hungary and Poland, the financial effort is also significant and costs the average income for 7.2 to 7.4 years.

With an average gross salary of BGN 828, Bulgarians can afford a new dwelling of 74 sq m, for the price of EUR 50 thousand, in some 10 years, money.bg informs.

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Tags: average income, residential property, Deloitte, gross salary
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