Re: Re: House prices should be no more than 4x average wage

#116855
Chopera
Participant

@DBMarcos99 wrote:

house prices should be no more than 4x the average salary before tax

If only that were the case in London! (more than 10x the average).
But I don’t see it ever being like that again in a vibrant capital city in western Europe. Lisbon?
What’s the multiplier in Germany or Holland? Anyone know?

You can pick flats up for €91k in Madrid. It’s just that someone on €22k a year would be able to afford more (or can afford a bigger mortgage to be precise)