Bulgarians Spend 10-Year Average Wage For New Home
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.
- » Vacant Properties Increased by 24%
- » About 30% of the New Homes Are Purchased with Credit
- » Properties’ Prices in Sofia Has Increased by 5% in the Last Year
- » Colliers: Reverse of the Trend - Local Companies Are once again Dominating the Real Estate Investment Market
- » Increase of Residential Buildings Completed in Bulgaria
- » Real Estate Deals in Sofia have been at a Record High Level for the Past 10 Years