This chart compares the real estate price indices of different countries from 2009 to 2024, showing how many years of average income are needed to buy a house in each country. It provides a visual understanding of the changes in major housing markets and highlights the impact of economic growth and inflation on real estate prices.
How Many Years of Savings Are Needed to Buy a House? Real Estate Price Index by Country, 2009-2024
This chart compares the real estate price indices of different countries from 2009 to 2024, showing how many years of average income are needed to buy a house in each country.
The real estate price index measures the average change in housing prices over a specific period. It indicates how many years of average income would be needed to buy a house if all income were saved. This index is crucial for evaluating housing affordability and economic conditions, reflecting price fluctuations in the housing market due to economic growth and inflation.
| Rank | Name | Indicator |
|---|---|---|
1 | Syria | 101.9 |
2 | Ethiopia | 43.1 |
3 | Cameroon | 42.9 |
4 | Sri Lanka | 36.0 |
5 | Nepal | 35.2 |
6 | Hong Kong | 32.1 |
7 | China | 29.6 |
8 | Lebanon | 27.4 |
9 | Philippines | 27.0 |
10 | Thailand | 26.5 |
11 | Vietnam | 23.7 |
12 | Iran | 22.4 |
13 | Argentina | 21.1 |
14 | South Korea | 19.9 |
15 | Taiwan | 19.5 |
16 | Indonesia | 18.9 |
16 | Peru | 18.9 |
18 | Colombia | 18.7 |
19 | Chile | 17.5 |
20 | Algeria | 17.2 |