Buenos Aires, Argentina, was the least affordable city in South America in the first half of 2022 to buy an apartment. The ratio measures the number of years needed for a two-earner household where one person works full time and one person works half-time to buy a 90-square meter apartment. It assumes the property has the average square meter price for the city and that home buyers earn the average net salary. Montevideo, Uruguay, was one of the most affordable cities, where it took about nine years to buy an apartment.
Residential real estate price to income ratio in South America in 1st half 2023 by city
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Numbeo. (December 13, 2023). Residential real estate price to income ratio in South America in 1st half 2023 by city [Graph]. In Statista. Retrieved December 18, 2024, from https://www.statista.com/statistics/1352979/south-america-apartment-price-to-income-ratio/
Numbeo. "Residential real estate price to income ratio in South America in 1st half 2023 by city ." Chart. December 13, 2023. Statista. Accessed December 18, 2024. https://www.statista.com/statistics/1352979/south-america-apartment-price-to-income-ratio/
Numbeo. (2023). Residential real estate price to income ratio in South America in 1st half 2023 by city . Statista. Statista Inc.. Accessed: December 18, 2024. https://www.statista.com/statistics/1352979/south-america-apartment-price-to-income-ratio/
Numbeo. "Residential Real Estate Price to Income Ratio in South America in 1st Half 2023 by City ." Statista, Statista Inc., 13 Dec 2023, https://www.statista.com/statistics/1352979/south-america-apartment-price-to-income-ratio/
Numbeo, Residential real estate price to income ratio in South America in 1st half 2023 by city Statista, https://www.statista.com/statistics/1352979/south-america-apartment-price-to-income-ratio/ (last visited December 18, 2024)
Residential real estate price to income ratio in South America in 1st half 2023 by city [Graph], Numbeo, December 13, 2023. [Online]. Available: https://www.statista.com/statistics/1352979/south-america-apartment-price-to-income-ratio/
