Amongst other things, you can see that prices are low against average income (although they are in the historic trend against rents).
Does this mean that people is willing to use a lower part of their salaries to rent/purchase a house (because economic uncertainty)? If so, when economy gets better, prices should go higher.. Or there is something else to consider?
This is a good link:
http://www.economist.com/blogs/dailychart/2011/11/global-house-prices
Amongst other things, you can see that prices are low against average income (although they are in the historic trend against rents).
Does this mean that people is willing to use a lower part of their salaries to rent/purchase a house (because economic uncertainty)? If so, when economy gets better, prices should go higher.. Or there is something else to consider?
#housing