dwyl / tiny-house

Research repo for our off-grid tiny home [on wheels] 🏡
GNU General Public License v2.0
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House-price-to-income ratio [affordability] #29

Open nelsonic opened 2 years ago

nelsonic commented 2 years ago

Recently learned that, thanks to the influx of "investors" in PT, the affordability of homes has plummeted ... 📉 i.e. Portugal is now the second least affordable (to the locals) place to buy a house in the World after New Zealand!!! 🤯

https://www.statista.com/statistics/237529/price-to-income-ratio-of-housing-worldwide/ image

A person earning an "average" salary can no longer afford to buy an average house/apartment. Our target price for a Tiny House with all the off-grid features will be €40k. We acknowledge that this is still a mountain of money for most people who don't work in "Tech".