Buying a house in Spain is not easy at all. The price of real estate is high, fundamentally, in the regions with the greatest economic potential. Continue reading the article to find out if it is possible to buy a home with an average salary. The reality is that there are many people who do not have the possibility of buying a house in Spain. This is because, in more than half of the country, with an average salary it is not possible to meet mortgage payments. Here we will tell you what type of housing a person can afford, depending. On the autonomous community if they have an average salary. The importance of savings Here we have told you what housing a person or couple can afford in each autonomous community depending on their average salary. However, anyone who is interested in buying a house in Spain, in addition to taking into account whether they can pay their mortgage payments, must also have savings.
Autonomous communities in which it is not possible to buy a home
There are several autonomous communities in which it is not possible to buy a home if you earn the average salary. These are Andalusia, Aragon, Cantabria, Catalonia, Galicia, the Balearic Islands, the Canary Islands, the Community of Madrid, Navarra, the Basque Country and the Valencian Community. It is possible to calculate the average price of housing in each Qatar WhatsApp Number Data region considering its average price per square meter and the average surface area of the homes transmitted in each community. Here is an example to understand it better. If you live in Madrid, the average salary will be euros per month. With this income, you would have the possibility of financing the purchase of a home on your own for up to , euros. The problem is that the average home in Madrid costs , euros. In other words, you couldn’t afford it. On the other hand, in Catalonia, the average salary is , euros net per month. You will have the possibility of applying for a mortgage in your name to buy a house for up to , euros. Meanwhile, the average price of housing in that region is , euros. Pretty far from what you could afford.
With a partner it is easier to buy a house in Spain
The reality is that buying a house in Spain is easier if you do it with another person. For example, with your partner, if they also earn the average salary. In this case the salary is multiplied, therefore, it will be possible to Italy WhatsApp Number List pay the future. Mortgage loan without problems practically throughout Spain. However, there are two autonomous communities in which it will not be possible even so. These are the Balearic Islands and Madrid. Buying a smaller home as a couple. Also, there is the possibility that a couple with an average salary will choose to buy a house of square meters . In this case, they will have the possibility of paying mortgage payments anywhere in the country . The couples with the greatest ease in acquiring a home are those. Looking for housing in both Castiles, closely followed by those in La Rioja, Asturias and Murcia.