High Rent Districts

December 28th, 2010
in Background

Pravda:  Russia and Belarus have been placed on the list of five countries, where residential real estate is most unaffordable to common people. An average Russian has to save up for 26,1 years to buy an apartment. An average Belarusian has to save up for 28,1 years. Experts at EVANS company conducted a research to analyze local residents' opportunities to purchase apartments and houses in 40 countries of the world.

Follow up:

The situation is the hardest for average citizens of Morocco. The average cost of real estate in this country makes up 144,800 euros. The average family income is 2,145 euros a year. An average Moroccan will be able to buy an apartment in 67,5 years, when he or she may not need anything at all already.

In Pakistan, the average cost of residential property makes up 74,953 euros. The average family income is only 1,846 euros a year. Thus, a native Pakistani will be able to purchase an apartment only in 40.6 years of moderate living and hard work.

In Europe, residential property is most expensive in Montenegro, a small country, where an apartment costs 151,000 euros (the average family income - 5,038 euros a year). The saving period in Montenegro continues for 30 years before an apartment can be purchased.  Read more....

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