How Many Years of Work in South Korea to Buy a House in Europe? 2009-2024

This chart illustrates how many years one needs to work in South Korea to buy a house in Europe from 2009 to 2024. Using NUMBEO's Price to Income Ratio, the estimated house prices for each European country were calculated by multiplying each country's ratio by their per capita GDP. Then, the estimated house prices were divided by South Korea's GDP to determine the approximate number of years required. Note that this calculation does not account for living costs, taxes, or other expenses.

How Many Years of Work in South Korea to Buy a House in Europe? 2009-2024

This chart illustrates how many years one needs to work in South Korea to buy a house in Europe from 2009 to 2024.

Change Chart

    The Price to Income Ratio is an indicator that compares the cost of housing to household income, showing how expensive housing is in a specific region. It reflects how many years of household income are needed to buy a house.

    RankNameIndicator
    1
    Luxembourg
    34.99
    2
    Switzerland
    34.33
    3
    Ireland
    23.28
    4
    Norway
    21.61
    5
    South Korea
    19.90
    6
    Austria
    19.07
    7
    France
    17.05
    8
    Germany
    15.57
    9
    United Kingdom
    14.80
    10
    Malta
    13.93
    11
    Sweden
    13.88
    12
    Iceland
    13.87
    13
    Netherlands
    13.81
    14
    Denmark
    13.71
    15
    Finland
    13.39
    16
    Italy
    12.40
    17
    Czech Republic
    11.25
    18
    Slovenia
    11.15
    19
    Belgium
    11.05
    20
    Slovakia
    11.01