“The logic was, we see $100K cars driven around Brighton Beach, but the median salary is $35K. How does that make sense?” said Arsen Atbashyan, CEO of local property brokerage Commercial Acquisitions. “They closed very soon after that because that type of product was not catering to ...
In the Netherlands, Portugal, the UK, Greece, Romania, and Italy, the required amount to buy a new house is an equivalent of 6 to 8 gross annual salaries. In Slovenia, and Denmark, purchasers would need to save between 5 and 6 equivalents of gross annual salary to afford a new home....