Based on a new global home affordability study from British based building supplier Roofing Megastore, Saudi Arabia, with an average annual salary of just over $20,354.90, and a 100 square meter (sqm) home costing just $90,774.38, is the world's most affordable country to buy a home in 2021.
The sector's share of capital flows will continue to be supported by favorable demographic, economic and capital markets tailwinds which will drive expansion in established markets and accelerate growth in emerging markets in Asia Pacific and Europe.
The pandemic-induced housing boom continues with prices rising by 9.2% on average across 55 countries and territories in the year to June 2021.
International property consultant Knight Frank's latest Global Buyer Survey released this week analyzed the impact that Covid-19 had on residential buyers' attitudes to purchasing homes around the world.
2020 wasn't the best year for high-rise living, but here we are one year later in 2021 on the road back to "normal", ready to jump into an elevator and soar to new heights.
Posted on April 20, 2017