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How Many Salaries Do You Need to Buy a Flat?

House Price to Gross Wage (Nationwide Average) (years), 2017 or latest
Real Estate | April 10, 2023
$2.99
Excel Sheet

Based on a comparison of 33 countries in 2017, Bulgaria ranked the highest in average house price to gross wage nationwide with 1,894,908 years followed by New Zealand and Malaysia. On the other end of the scale was Belarus with 0.127 years, Finland with 3.39 years and Spain with 3.96 years.

Data for more countries are available at House Price to Gross Wage (Nationwide Average) indicator page.

House Price to Gross Wage (Nationwide Average) Unit 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Austria years 5.83 6.08 6.26 6.32 6.49
Brazil years ... ... ... ... ... ... ... ... ... 5.85 7.78 8.06 8.23 7.68
Bulgaria years 2,044,583 1,836,308 2,052,171 2,109,123 1,859,121 ...
Canada years 6.39 6.25 6.21 6.34 6.58
Ireland years 5.90 5.66 6.03 7.04 7.41
Latvia years ... ... ... ... ... ... 8.98 9.19 9.58 5.50 6.01
Malaysia years ... ... ... ... ... ... ... ... 7.92 ... ... ... ... ...
Mexico years ... ... ... ... ... ... ... ... ... ... 7.29 7.28 7.29 7.68 7.92
New Zealand years ... 8.12 8.40 8.60 8.69 9.47
Norway years 6.04 6.26 6.31 6.15 6.31
Poland years ... ... ... ... ... ... 5.98 5.93 5.75 5.98 6.56
Russia years ... ... ... 15.4 15.8 14.1 13.3 12.3
Slovakia years 8.36 8.10 7.87 7.66 7.46
Sweden years 5.77 5.76 6.06 6.55 7.29
United Kingdom years 7.80 7.70 7.85 8.43 8.84