20 Years Of Work For An Apartment?
If you want to buy an apartment in Hong Kong, Paris or London, you’ll have to come up with a considerable sum.
Statista’s Martin Armstrong explains that. according to the Global Real Estate Bubble Index 2021 from UBS, a highly skilled employee in the service sector with an average salary can only afford a centrally-located 60m2 apartment in Hong Kong after 20 years – in Paris it is 17, in London about 14 years.
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Overall, the situation has tightened in most real estate markets around the world. For some of the cities listed here, the risk of a real estate bubble is very high.
Singapore is one of the few markets to manage to ease the situation somewhat – while employees still had to work about 16 years for the apartment near the center in 2011, it will be three years less in 2021.
Sat, 10/30/2021 – 14:00