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A Couple with an Average Salary in Porto Can Afford a €160,000 Home
18 March 2019 – Richard D. K. Turner
A couple living in Porto and making the average salary of €160,000 would be able to afford a home measuring just 74 square meters. That figure drops to 52 square meters in Lisbon, according to ComparaJá.pt.”
. The lack of available residential properties and the accompanying increase in housing prices has led to difficulties for Portuguese families looking to acquire a home.
The analysis was based on the buyers’ income, a 20% down payment, a mortgage covering the remaining 80% of the acquisition value, and a 2.9% APR. Data from Pordata (2016) was used to calculate average salaries, and average prices were compiled using data from Casa Sapo, Idealista and Imovirtual for two and three-bedroom homes (per square meter).
Original Story: Dinheiro Vivo