Global wage earners buy a house for a few years: Singapore is the longest in 36.4 years

Source: Internet
Author: User
Keywords Years wage earners
According to Russian media reports, a new study published by an international real estate consultancy in Russia shows that the time for working-class workers in 36 cities around the world is very different.  To buy a 70㎡ apartment, the people of Berlin have the shortest amount of time, averaging 3 years, while the Singaporean takes the longest, 12 times times the size of the people of Berlin.  Reporter Stanislav Kingell, president of the company, said the study was to ascertain how long it would take people to live in their own homes.  Survey method to purchase 70㎡ apartment as the associate with work income Godenlock Company is a well-known international real estate company headquartered in Moscow, covering more than 30 countries in the sale of property.  This reporter contacted Gordon Locke this morning, the company's media director told reporters that the study data from the company based on the local housing agents to provide domestic prices and per capita income, the study has been carried out for 3 months.  The researchers chose to buy an average of 70 square metres of apartment in a suburban residential area, which is the average annual income of the middle-income population in a multinational city.  The official said the company's move is to truly understand the world's major urban residents of housing spending, housing spending and work income linked to the length of work to measure housing prices.  Results Analysis Europe: Most residents struggle for 10-14 years according to the Godenlock company's statistics, the citizens of Berlin only need to work for 3 years, with saved wages can buy a standard housing.  Berlin has been able to save enough money to buy a house so quickly, mainly because Berlin is cheap compared to other big European cities, where the average price per square metre of local housing is about $1000, and most European capitals are far higher.  Residents of other European capitals buy a standard house to save more than the residents of Berlin, a little closer to Helsinki, Vienna and other cities are more than one times more than Berlin, most of the big European cities to buy a standard housing still need to work for 10-14 consecutive years.  Like Switzerland, Zurich, the annual income of 42800 U.S. dollars, is the survey of the world's largest cities, but Zurich is the most expensive in Europe and the world, the local set of ordinary housing prices up to more than 7,000 dollars per square meter, so the Zurich people need 12.3 years to buy a decent housing.  The Godenlock companies in Russia, Moscow and St. Petersburg to buy a 70 square meters of ordinary housing, at least nearly 20 years of work, which is almost the citizens of Berlin or ordinary Americans to buy 6 times times the housing.  Americas: America and Canada don't have the trouble of buying a house. U.S. and Canadian urban residents are much better at housing than their European citizens, and local citizens have only a little more time to buy a standard home than Berlin, such as New York in the United States for 5.7 years and Montreal for 5.2 years.Rio de Janeiro, Brazil, is only one-fifth of the most expensive Swiss Zurich, but because the wages of local workers are also one-fifth of those in Zurich, the people in this large South American city can afford to buy a house in exactly the same time as the people in Zurich, 12.3 years.  Asia: Singaporeans as "mortgage slaves" the longest time in the Godenlock company survey of some Asian cities, Thai Bangkok people save money to buy a house for the shortest time, only less than 7 years, although the residents of Bangkok's wages are very low, but the local prices are relatively cheap, only 500 U.S. dollars per square metre.  TOKYO, Japan's housing prices after Switzerland, Zurich, as much as 7000 U.S. dollars per square metre, so the large annual income of the Tokyo people also need to save nearly 16 years of wages to bear a common housing.  Residents of Seoul, Hong Kong and South Korea, have been buying for a longer period of about 20 years.  Singaporeans, by contrast, have the longest time as a "mortgage slave", with high house prices and low incomes compared to other cities, causing Singaporeans to save at least 36.4 years ' wages to buy a house. Sydney, in Oceania, also has a higher price, about 6000 dollars a square meter, so the local residents save money to buy a house is not short time, it takes 16.3 years.
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