Owning a dream home is a dream for many people. However, for some of the country's residents, that dream seems increasingly out of reach. Soaring property prices have created a wide gap between hope and reality. Here are 6 countries with the most unaffordable house prices in 2024:
The first position is topped by Turkey with an average house price of around IDR 39.8 million (per square meter) and an average annual salary of IDR 48.9 million, so that the ratio of house prices to income reaches 81.45%. Thus, making Turkey the country with the most unaffordable house prices in 2024.
Occupying the second place with the most unaffordable house prices is the country of Nepal, with an average house price of around IDR 23.9 Million (per square meter) and an average annual salary of IDR 40.6 Million, so that the ratio of house prices to income reaches 59.04%.
The third position is occupied by India, with an average house price of around IDR 23.4 Million (per square meter) and an average annual salary of IDR 47.08 Million, so that the ratio of house prices to income reaches 49.86%.
Indonesia occupies the 4th position as the country with the most unaffordable house prices in 2024. with an average house price of around IDR 18.3 Million (per square meter) and an average annual salary of IDR 37.9 Million, so that the ratio of house prices to income reaches 48.35%.
The fifth position is occupied by the country of Armenia with an average house price of around IDR 46.3 Million (per square meter) and an average annual salary of IDR 100.4 Million, so that the ratio of house prices to income reaches 46.12%.
The third position is occupied by India, with an average house price of around IDR 170.2 Million (per square meter) and an average annual salary of IDR 439.7 Million, so that the ratio of house prices to income reaches 38.71%.
Source: Bestbroker/via Kompascom
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