How Many Years Does it Take to Save for a Condo? 🏢

What We’re Showing

This graphic shows the average number of years that a skilled worker must work in order to afford a 650 square foot condo near the city center across select markets, based on data from the UBS Global Real Estate Bubble Index 2024.

Key Takeaways

• In Hong Kong, the most unaffordable city worldwide for 14 consecutive years, it takes more than two decades for an average skilled worker to buy a condo.
• Paris stands as the most unaffordable city in Europe, despite real home prices falling more than 20% from post-pandemic highs.
• The median sale price of a condo or co-op in Manhattan stood at nearly $1.2 million in the fourth quarter of 2023, with prices per square foot up 44% in a decade.