Average Price Of a House Around the World

By molly atherton 4 months ago
Grab your virtual passport, kick back, and join us as we unravel the mysteries of the real estate game on a truly global scale. Spoiler alert: you might want to start saving those pennies or, better yet, consider becoming an international spy. Why? Because some of these house prices are so mind-boggling, you'll be convinced they're hiding something more than just granite countertops. So, if you've ever wondered what kind of digs your hard-earned cash could get you in different corners of the world, or if you simply enjoy a good dose of real estate escapism, you're in for a treat. Let's dive into the fascinating world of average house prices, where mansions, huts, and everything in between await our virtual inspection. Who knows, by the end of this journey, you might be mentally redecorating your dream home in Bali or plotting your grand escape to a Swiss chalet. Welcome to the ultimate house-hunting extravaganza – the jet-setting edition!"

1. Singapore - $791,294

Singapore happens to be one of the most expensive places for a house in the world. Monthly salaries are pretty high here, and tons of super-rich young people are snapping up luxury properties!Singapore's Young Super-Rich Snap Up the Island's Priciest Homes - Bloomberg(Image/ Source: bloomberg.com)This is driving up costs even further. You’d need to make about $15,828 in monthly mortgage payments to keep your property going here!Original content sourced from Femanin.com

2. Poland - $28,787

By contrast, Poland is the most affordable place to buy a house, where the monthly mortgage repayments are just £391.24. On average those living in Poland earn £1,915 a month,Typical Polish house and family(Image/ Source: polishforums.com)This means just 20.4% of their salary is needed towards their mortgage. So if you’re looking to settle down in Europe, Poland is a budget-friendly option.

3. Thailand - $111,210.68

Average house prices are generally cheaper in Thailand, especially in the capital of Bangkok. You’d need to make a salary of $3919 to keep up with your property!Houses for Sale in Bangkok | Dot Property(Image/ Source: dotproperty.com)You do need to pay back $ 1,175.49  for your those mortgage repayments. And plenty of Americans have already made the move to take advantage of these prices.

4. United Kingdom - $710,800.75

The UK is getting a lot pricier these days, and actually makes it in the top ten most expensive countries in the world to buy property in. Crazy considering how cold it is there!Zoopla's 11 Houses For Sale In Need of Renovation - Fixer Uppers(Image/ Source: housebeautiful.com)If you’re looking to hop across the pond, you’re realistically looking at spending $710,800.75 for a bang-average house, which means you’ll need a salary of $3,814 (alone or combined) to keep it.

5. United States - $582,163.60

The United States isn’t quite expensive as the UK, but it’s not exactly cheap either! You’re looking at $582,163.60 for a standard house, but this will obviously be more or less depending on where you want to live.23 America Ave, Wheeling, WV 26003 | realtor.com®(Image/ Source: realtor.com)You’ll need to make average mortgage payments of $11,645.34 to keep your property. and I'm sure many of you aren't so happy about this right!

6. Brazil - $>17,027.81

Yep, you heard this one right. Average houses cost just $17,027.81 in Brazil, which makes it one of the cheapest countries in the world to buy property.Brazilian Houses: 9 Examples of Residential Vernacular Architecture | ArchDaily(Image/ Source: archdaily.com)To put things into perspective; less than 70% of the average salary would be needed towards house costs here, which is a huge contrast to the likes of the United States!

7. Russia - $254,672.79

Europe is more generally expensive than most areas of the world- especially Russia. Here, around 340% of the average salary is needed for mortgage costs, which is pretty eye-watering.The slower you go, the farther you'll be – The Travel Stories(Image/ Source:thetravelstories.com)Budding homeowners also need to have an average monthly salary of $11,061.21 to keep their chosen property going. It's probably not at the top of people's lists though right?

8. India - $382,849.85

India might seem cheaper compared to United States, but as average salaries are a lot lower here, it’s much more difficult for people to get onto the property ladder.Top 10 affordable localities in Delhi for buying a house | Housing News(Image/ Source: housing.com)They say that housing costs shouldn’t be any more than 30% of our income, but in India, this percentage is estimated to be a whopping 881.3%!

9. Kenya - $245,818.00

Kenya has a similar situation to India. While the average house price of $245,818.04 may not seem all that bad, it’s actually a huge sum of money in comparison to most people’s salaries here!Low-cost housing the way to high returns - Nairobi Business Monthly(Image/ Source: nairobibusinessmonthly.com)Housing income costs come to a total of 516.19%, which makes Kenya ridiculously expensive for first-time buyers. It doesn't seem particularly fair for them does it?

10. The Philippines - $450,174.61

If you thought Kenya was expensive, the Philippines is on hand to blow your mind. It’s the most expensive place in the world to own a house, where  mortgage repayments total £5,079.82.Resilient Housing in the Philippines, in the Era of COVID-19 | Build Change(Image/ Source: buildchange.org)The average salary here is really low compared to other countries, so for someone living in the Philippines, an eye-watering 1112.7% of their income would be needed to cover their mortgage.

11. Switzerland - $743,757.95

Switzerland is expensive, so it’s no great surprise that average house prices here are more than most. While it costs $743,757.95 for an average house here, it actually works more in line with people’s salaries,(Image/ Source: abode2)So it’s actually  not as difficult to get onto the property ladder as in other countries. Housing incomes come to 119.4% which is much better than many other countries on this list.

12. Argentina - $27,032.76

Argentina is one of the cheapest countries in the world to buy property in. For an average house price of $27,032.76, you’ll be looking at just $285.44 for each monthly mortgage payment.Vacation Apartments & Rentals in Buenos Aires from $8 / night - momondo(Image/ Source: momodo.com)While prices are starting to rise thanks to the popularity of Buenos Aires, you’ll still be able to pay for a decent-sized house and have some cash left over.

13. Israel - $553,804.80

Unlike Argentina, Israel isn’t exactly cheap when it comes to house prices. In fact, it’s listed as one of the most expensive countries in the world! It costs 553,804.80 for an average house here!The Housing Shortage Could Be Solved by Israel's Latest Project – BRINK – Conversations and Insights on Global Business(Image/ Source: brinknews.com)Monthly mortgage payments here total $11,078.07. Even if you have two salaries contributing to house payments, you still might struggle here.

14. Norway - $534,065.89

Scandinavia is well known for its high prices, but when it comes to housing, the costs aren’t as bad as you might think. Don’t get us wrong – it isn’t exactly cheap!Housing in Norway | ArchDaily(Image/ Source: archdaily.com)But as salaries are high here, they work more in alignment with the average house price of $534,065.89. Housing incomes here come to 175.6%.

15. Spain - $264,658.47

European countries aren’t exactly cheap these days, but Spain fares slightly better than Norway. An average house here will set you back around $ 264,658.47,Spanish housing market: is a correction looming? | Article | ING Think(Image/ Source: think.ing.com)This pretty much means you’ll need a monthly salary of $3,231.41 to keep your property going. This becomes a lot easier if you’re sharing with someone though.

16. Australia - $574,915.52

After a property boom, housing in Australia is in something of a crisis right now. At the moment, Australia is one of the most expensive countries in the world to buy a house, and comes in just behind the UK in terms of average prices.Australia Housing Market: Sydney, Melbourne Lead Home Price Fall - Bloomberg(Image/ Source: bloomberg.com)In terms of housing income percentages, you’ll need 287.8% of the average salary to afford mortgage costs. Seems a little ridiculous to me!

17. Indonesia - $31,191.55

Over in Indonesia, the housing market looks a lot different. Here you’ll pay an average of $31,191.55 for a house, and you need a salary of just $634.72 a month to keep up with mortgage payments.Indonesia - Housing | Britannica(Image/ Source: britannica.com)And considering Indonesia is home to beautiful beach destinations like Bali and the Gili Islands, it’s a great place to move to! Why not give it a little thought?

18. Japan - $298,603.28

Japan has a reputation for being VERY pricey to visit (not to mention its expensive railways), but with an average house price of $298,603.28, it’s actually more affordable than the United States!What is the secret to Tokyo's affordable housing? | by Brendon Harre | New Zealand needs an urbanisation project | Medium(Image/ Source: medium.com)Here you’ll need 205.5% of the average salary to afford the mortgage costs, but bear in mind this will be much higher in Tokyo. Try somewhere a little further out!

19. Italy - $238,871.06

While there’s been a few houses in Italy that have gone viral after it was revealed they were being sold for just 1 euro, this isn’t the case across the board!The picturesque little town in Italy selling homes for just 85p - Somerset Live(Image/ Source: somersetlive.com)Average house prices here are $238,871.06, which makes it a little bit cheaper than in Spain. You’ll need an average monthly salary of $2,970.05 to keep your property on here.

20. Austria - $375,846.27

Meanwhile, over in Austria, the average house price undercuts those in Italy. Here you’ll find average house prices at $375,846.27, but this really depends on where you want to live in the country.Cahdco's New Intern and Subsidized Housing in Vienna » Cahdco(Image/ Source: cahdco.org)The capital of Vienna has worked hard to create more affordable housing options, which means you’ll be looking at 121.9% of the average salary to settle here.

21. Vietnam - $177,046.80

On the surface, average house prices in Vietnam don’t seem that bad. But just like in India and the Philippines, salaries are super low here, which means people are having to fork out a whopping 325% of the average salary to afford housing costs.Tube houses' dominate Hanoi's streets, as millions vie for limited living space - Taipei Times(Image/Source: taipeitimes.com)And chances are, these prices will be even higher in desirable cities like Ho Chi Mi, so you're going to have to try out some places a little more obscure if this is for you!

22. Canada - $414,758.02

In Canada, the picture is similar to that of the United States – but slightly cheaper. Here an average house will set you back approximately $ 414,758.02, which is well over $100,000 less than America.Nowhere to live: Rents in Canada surge as home prices fall | Reuters(Image/ Source: reuters.com)If you want to keep up with your mortgage payments, you’ll need a monthly salary of $3,538.53 to do so. You wouldn't be moving too far away either...

23. China - $659,841.38

China isn’t exactly cheap for property right now. The country’s real estate is unraveling after decades of debt-fuelled growth, which means average house prices currently stand at $659,841.38.Is China's housing bust bottoming out? | Fortune(Image/ Source: fortune.com)However, this obviously depends on which cities, towns or villages you’re looking to buy a house in! You’ll need to be earning a monthly salary of $2,740 to keep up with mortgage repayments.

24. Romania - $19,984.61

Romania is fairly low down on the list of global average house prices. You can get a house here for just $19,984.61, which makes it even cheaper than in Poland!Over 1000 new housing units available in Bucharest(Image/ Source: businessreview.com)However, wages are a bit lower in Romania, so you’ll need to cough up housing income costs of 77.6%. This is a drop in the ocean compared to other countries though.

25. Turkey - $<56,620.05

Turkey is developing pretty quickly. As demand for housing grows, especially in the capital of Istanbul, average house prices are now $56,620.05.Housing in Turkey | ArchDaily(Image/ Source: archdaily.com)This is a lot cheaper than in other countries, however, wages are struggling to keep pace with house prices, which means you’ll need 243.4% of the average salary to afford the mortgage costs.

26. Egypt - $81,589.67

Egypt is more expensive to live in than the United States. You’re realistically looking at $81,471.12 for a house here, which might not sound too bad, but when wages are low compared to other countries, it’s tough for people to get on the property ladder!Anger in Egypt as government demands citizens register homes or lose electricity – Middle East Monitor(Image/ Source: middleeastmonitor.com)In terms of housing income percentages, you’ll need 254.4% of the average salary to afford mortgage costs. You might get to see those great pyramids more often though!

27. Germany - $460,345.29

Germany is one of the most expensive countries in Europe to get a house in. As demand for housing is pretty high right now (especially in cities) you’re looking at an average house price of $460,345.29,Yes, Other Countries Do Housing Better, Case 2: Germany - Sightline Institute(Image/ Source: sightline.org)Essentially this means you’ll need to have an average monthly salary of $4,272.13 to keep up with those mortgage payments.

28. France - $561,392.92

France is slightly more expensive than Germany for a house, but wayyy less than the United Kingdom. If you fancy escaping the USA for a beautiful property on the French Riviera, you’ll be looking at an average price of $561,392.92.Can France Restore Renters' Faith in Fair Housing With Pricing Caps? - Bloomberg(Image/ Source: bloomberg.com)You’ll also need housing income costs of 190.2% to keep your property going. Seems pretty low for a country so god damn beautiful!

29. South Africa - $81,405.34

South Africa is a lot cheaper for houses than most other countries. While it’s not as budget friendly as the likes of Brazil and Poland, it’s still just $81,405.34 for an average house, which isn’t too bad at all.Township Residential Property Markets in South Africa - CAHF | Centre for Affordable Housing Finance Africa(Image/ Source: housingfinanceafrica.org)Just bear in mind that living conditions aren’t fantastic in South Africa, as it underperforms the average in income, jobs, health and education.

30. Mexico - $120,100.25

Mexico is ever so slightly more expensive than South Africa at $120,100.25 for an average house price. However, this will depend on where you want to live. If you’re heading for a city, be aware that the capital of Mexico City is one of the most densely populated cities in the world, so it’s going to be busy!RESHIM: Rethinking Social Housing in Mexico - Harvard Graduate School of Design(Image/ Source: harvard.edu)You’ll need an average monthly salary of $1,260.52 for your mortgage repayments here. The food might make up for any other troubles!

31. And Now... The World's Best Cities To Live! Valencia, Spain

This particular Spanish city comes in at number one, and for good reason - it's such a lively place to live, with a huge focus on culture, a vibrant nightlife for those who like to party and it's also a very safe place to live
image source: reddit.com
I'm sure you'll agree that these are things which are always a plus when you're looking for a new home abroad! Think about the great vibes here..

32. Dubai

While you might think a move to Dubai is very expensive - and you'd be right - it's this idea of wealth that attracts a lot of people to move here. Look at the celebs who are here often!
image source: reddit.com
The reality is that you can get very high-quality accommodation, high-paid jobs and a low tax demand when you live here.

33. Mexico City, Mexico

Mexico City is a fantastic place to live if you're looking for somewhere that's budget-friendly without compromising on quality! Not to mention its scenery and climate is beautiful.
image source: reddit.com
Things like public transport and groceries can run in very cheap in this particular city, so you'll probably not run in to too many issues!

34. Lisbon, Portugal

Lisbon is very much a cultural capital, which is why it attracts a lot of people every year. The great thing about this place is that it's perfect no matter your age bracket or working life
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It's vibrant, has great weather and even greater food, for young digital nomads or old retirees. The city really could be your oyster!

35. Madrid, Spain

If you're looking to move to Spain, Madrid is going to have to be one on the top of your list. This city is full of life with an exciting social scene, and it also has a lot of high-quality living and work opportunities.
image source: reddit.com
It's rich in culture and diversity, too, just like all of the other famous Spanish cities, making it a great place to be! Get your Spanish dictionaries out!

36. Bangkok, Thailand

Bangkok comes in as one of the safest places for a foreigner to visit and move to, so that's a huge plus right there. It's also very affordable, which is also a plus when you're looking to move countries.
image source: reddit.com
The lively and beautiful scenery of Thailand is also attractive to people looking to work as teachers. Could you go out teaching in the heat for a summer?

37. Basel, Switzerland

If you love arts and culture, then this is the place for you. This city is a great place to live if you want to hit one of many, many museums by day, enjoy classical music, and visit the many bars and restaurants by night.
image source: reddit.com
Who wouldn't want to live in an artsy place like this? It could be just the right change of country and location to suit your generic needs.

38. Melbourne, Australia

There are many nice places in Australia to set up home, but Melbourne is one of the best cities to live. You get a mix of all the best sides of the country all in one place!
image source: reddit.com
Not only is it ranked one of the safest spots to live, but it's also awash with the best of Australian culture, foods, arts as well as beautiful buildings and landscapes.

39. Abu Dhabi

For starters, living here means paying zero income tax - so that's enough of a reason for most people to consider living here! Mo tax? You better count me in.
image source: reddit.com
Aside from that, it's a stunning place to live with a wealth of people from different cultures, as well as boasting an amazing night life you'd expect in big cities.

40. Singapore

Singapore is an example of comfortable, happy living. It offers the best of schools, healthcare and way of life, which means it's great for people with families to consider or people who just want a comfortable retirement.
image source: reddit.com
It's also got a great climate and plenty to see! So why not up and go, try out a country with a whole different set of ideals to what you're used too.

41. Tallinn, Estonia

This city is one of those classic capitals that you'd want to see as a tourist looking for a European medieval vibe - and that doesn't change if you live there, of course.
image source: reddit.com
It's full of beautiful buildings, plenty to see, warm weather and also low cost living with great co-working spaces. It's not a common suspect, but it looks great.

42. Miami, US

Everything you think of when someone mentions Miami is true: party central, hot weather, beautiful beaches and plenty to see and do. So of course it's a great place to live!
image source: reddit.com
The lifestyle of Miami is enough for anyone to want to live there - as long as they can afford it, of course. It's one of the many hotspots in the US.

43. Sydney, Australia

Sydney is not only one of the best cities to live in Australia, but the world. It's considered one of the most beautiful places, with a low crime rate, amazing beaches and plenty to see and do in terms of art and culture.
image source: reddit.com
And, of course, the Sydney Opera House is a bucket list must! Try not to limit yourself to just that though, the whole city really is incredible!

44. Barcelona, Spain

Barcelona is not only a beautiful city, but it offers a great quality of life which is appealing if you want to move there, of course. There's great food and the people are pretty nice too!
image source: reddit.com
This city is known for its amazing architecture and building layouts, as well as its rich culture. It's also known for a happy balance of city life and beaches.

45. Nairobi, Kenya

This city in Kenya is perfect for couples or families looking for the best of everything in everyday life - this is because Nairobi is known for an easy way of life.
image source: reddit.com
This is relevant when it comes to schools, churches, social events and sporting events, with welcoming people and a good way of life.

46. New York City

When you think of city life, New York City might be the first place you think of - it's the city, after all. The biggest appeal of living in New York is that it would never, ever get boring .
image source: reddit.com
This is because there really is enough to do to fill your calendar for the rest of your life, and more. Not everyone gets this opportunity, so if you do, take it!

47. Copenhagen, Denmark

Copenhagen is the perfect example of a beautiful European city that suits any season. One of the biggest appeals is the ease of getting around - without a car.
image source: reddit.com
It's perfect for bike-riders, and extremely easy for people using public transport. It also has plenty to see and do so you'll never find yourself feeling bored!

48. Lausanne, Switzerland

This city is truly a cosmopolitan haven, and if you're a business-headed person looking for a lucrative place to live, this one's for you! Many businesses have their headquarters in this city too.
image source: reddit.com
So it's the perfect balance of career-minded people also wanting beautiful sights to see. Is this a vibe you could see yourself catching on too?

49. Toronto, Canada

Toronto is a great city live because of the amount of diversity different areas of the city can offer, whether that's people, bars, restaurants or cultural attractions.
image source: reddit.com
It's a great mix of vibrant life, festivals and more peaceful cultural exploration like museums and architecture. Get your cameras out!

50. Zurich, Switzerland

Zurich is one of the best places to live in the world, there's no doubt about that. It's known for having very high standards when it comes to lifestyle and living, which is what you can expect if you can afford to live there.
image source: reddit.com
You can therefore expect dependable living, healthcare and public transport. Sounds like three important things checked off the list!