Top 2 most expensive countries to buy a home
Today we will discuss about the World’s most expensive countries to buy a home according to price in Dollar.
Hong Kong
Hong kong is on the top list of World’s most expensive countries to buy a home.
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In 2020, Hong Kong had the most expensive residential property market worldwide, with an average property price of 1.25 million U.S. dollars. The government of Hong Kong provide public housing for lower-income residents and almost 45 percent of the Hong Kong population lived in public permanent housing in 2018.
Israel
Israel listed as being second most expensive country to buy a home.
Israel ranked number 2 out of 39 countries listed, where houses cost $9,780 per square meter, which accounts for 26.6% of a household’s disposable annual income.
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Israel was listed as the second most expensive country in which to buy a home, according to research performed by Australia-based Compare The Market.Israel ranked number 2 out of 39 countries listed, where houses tend cost in the upwards of $9,780 per square meter, which would account for 26.6% of a household’s disposable annual income.The research compared average property prices against normal household earnings and disposable income to determine what the cost per square meter would be as a percentage of annual income.
Israel ranked just below South Korea, where the cost per square meter as a percentage of annual income is 39.6%, with a lower average of disposable income across the board and a higher average price per square meter. The two ranked above Switzerland (26.5%), Luxembourg (23.7%) and Japan (23.2%).Turkey was listed as being the most affordable country to buy a home, with a cost per square meter as a percentage of annual income coming in at only 4.2%. Following closely behind is the United States, where houses cost $3,683 per square meter. And with most families having over $67,020 of annual disposable income, the cost per square meter as a percentage of annual income is 5.5%.
If you want to know the latest prices of apartments and properties in Israel , you can visit Casael Group.