Are you dreaming of buying an apartment in Europe but worried about the high property prices? We've got good news for you - there are still affordable cities where you can buy a decent-sized apartment without breaking the bank. Numbeo.com have analyzed the price-to-income ratio for various cities in Europe, taking into account the net disposable family income, median apartment size, and price per square meter. Here are the top 5 affordable cities to buy an apartment with your salary in Europe:
Aberdeen, UK - Price to Income Ratio 4.8
Aberdeen, located in northeast Scotland, is known for its rich history, vibrant culture, and stunning natural scenery. With a price-to-income ratio of 4.8, it takes less than five years of saving your full monthly salary to buy an 90 square meter apartment in the city center or outside. Aberdeen also has a high quality of life and a thriving economy, particularly in the energy sector.
Coventry, UK - Price to Income Ratio 4.8
Coventry is a city in central England, with a rich history and a diverse population. It is also a top destination for students, thanks to its world-renowned universities. With a price-to-income ratio of 4.8, it's easy to see why Coventry is a great place to buy an apartment - you won't have to save for too long! Additionally, Coventry is a very livable city, with good transport links, a low crime rate, and plenty of green spaces.
Rotterdam, Netherlands - Price to Income Ratio 5.6
Rotterdam, the second-largest city in the Netherlands, is a hub of innovation, culture, and design. It is home to Europe's largest port and has a rich history of trade and commerce. With a price-to-income ratio of 5.6, buying an apartment in Rotterdam is relatively affordable, especially considering the city's many attractions, including the iconic Erasmus Bridge and the vibrant Markthal food market.
The Hague, Netherlands - Price to Income Ratio 5.7
The Hague, also known as Den Haag, is the seat of the Dutch government and home to many international organizations. It is a beautiful city with a rich cultural heritage and a high quality of life. With a price-to-income ratio of 5.7, buying an apartment in The Hague is within reach for many people. The city also offers a great work-life balance, with plenty of cultural events, restaurants, and green spaces.
Eindhoven, Netherlands - Price to Income Ratio 5.7
Eindhoven, located in the south of the Netherlands, is a hub of technology and innovation. It is home to many high-tech companies, including Philips and ASML, and has a thriving startup scene. With a price-to-income ratio of 5.7, Eindhoven is a great place to buy an apartment, especially for those interested in technology and innovation. The city also offers a high quality of life, with plenty of cultural events, restaurants, and parks.
Other cities in Europe with similar price-to-income ratios include Aalborg (Denmark), Turku (Finland), Cork (Ireland), Malmo (Sweden), and Valencia (Spain). These cities offer great value for money, a high quality of life, and plenty of opportunities for work and play. So if you're looking for an affordable place to buy an apartment in Europe, these cities are definitely worth considering!
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