Madrid versus Latin America: Where is housing more affordable?
- For the price of one square metre of housing in Madrid, you can buy almost two in central Mexico City and nearly three in Buenos Aires, Bogotá or São Paulo.
- But higher property prices do not necessarily mean a heavier burden on local wages.
- The key question is how much of their income locals need to spend to afford a home.
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- For the price of one square metre of housing in Madrid, you can buy almost two in central Mexico City and nearly three in Buenos Aires, Bogotá or São Paulo.
- But higher property prices do not necessarily mean a heavier burden on local wages.
- The key question is how much of their income locals need to spend to afford a home.
Sources: Euronews