Going to work in Europe? Know how many months of salary do you need to buy a house in Europe
Jobs in Europe For Indian Workers – Millions of Indian workers are already working there to get a job in Europe. Apart from this, many Indians also dream of buying a house here.
However, buying a house in Europe is not easy, because the prices of houses here are very high, and Indian working people have to deal with the high expenses here.
House Prices in Europe – Europe is considered the best place to work in the world because work-life balance and standard of living are taken care of here. This is the reason why Indians are now getting attracted to work in Europe.
However, there are also problems of high tax system and expensive rent here. Many Indians in European countries have to work hard to pay house rent, due to which the idea of buying a house becomes a big step.
Recently a report has told how many months a normal Indian worker has to spend his salary to buy a house in Europe. The report took into account house prices, average net monthly income, inflation and real mortgage interest rates in 62 countries.
How many months salary is needed to buy a house in Europe?
According to the report, buying a house is easiest in Denmark, while it is most difficult in Slovakia. To buy a 100 square meter house in Denmark, you have to spend an average of 114 months’ net salary there.
In this report, Ireland and Sweden have emerged as the second and third cheapest countries respectively, where 123 and 129 months’ salary is needed respectively to buy a 100 square meter house.
Salary Requirement to Buy a House in other European Countries Month Wise
- Denmark – 114 months
- Ireland – 123 months
- Sweden – 129 months
- Spain – 132 months
- Belgium – 132 months
- Cyprus – 139 months
- Norway – 140 months
- Netherlands – 154 months
- Latvia – 159 months
- Romania – 173 months
- Austria – 178 months
- Italy – 184 months
- Germany – 185 months
- Finland – 186 months
- France – 197 months
- Bulgaria – 199 months
- UK – 202 months
- Estonia – 208 months
- North Macedonia – 215 months
- Portugal – 234 months
- Switzerland – 243 months
- Luxembourg – 246 months
- Slovakia – 297 months
Friends, now Indian workers will have to spend a big part of their salary to buy a house in Europe. This report shows that buying a home can be a long-term dream, especially in countries where house prices are high.
If you are thinking of working in Europe and plan to buy a home, you may have to work hard for several years.
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