It's good to note that we may be comparing oranges and apples (and there are lies, Lies and Statistics), so take this results with a grain of skepticism.
Numbeo has some nice interactive maps of World Price to Income Ratio but I don't yet know how this numbers are calculated.
We can get more detailed analysis on a country per country basis, to get more insight. For instance, here's a recent article on Swiss home prices to income ratio.
What do you think: Does the world market affects Estonian housing prices? Postimees reports that foreigners almost one quarter of Estonian real estate transactions in 2012, although we have to remember that a big percentage of local residents holds a foreign or grey passport. Share it in the comments!
3 comments:
When you compare prices with the United Arab Emirates no doubt about the price of houses, villas or studios are very high and its not easy to afford those houses for a common man. But now through ezestate a person can find a house at affordable price and where they want.
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