Post by account_disabled on Feb 11, 2024 5:29:17 GMT -5
People save to be able to acquire property, that is, to own a property, be it a house, an isolated home, an apartment, etc. Therefore, they need income to be able to save. It must be taken into account that when purchasing a new home you must know the income you earn and receive, as well as the maximum amount you could spend. Therefore, you should also know how to optimize your income as best as possible so that a certain part of it becomes savings. Most experts in the sector agree that Spaniards should not invest more than 30 or 40 percent of their gross annual income in a house, whether rented or owned, to guarantee family and economic solvency. Currently, this percentage varies depending on the autonomous community on which we focus. In the Balearic Islands, they allocate around 23 percent of their income to paying their mortgages. If we talk about Madrid or Barcelona, we are dealing with two large cities, where the percentage therefore increases, but requires greater disbursement or mortgage payments. Another way to calculate what percentage of income we should dedicate to our house is through the real estate effort index .
Content guide Do we know what the real estate effort index is? Let's talk in graphic terms This would translate… Other elements to take into account Do we know what the real estate effort index is? Many of you may not have heard UAE Email List of this term, which is taken into account when estimating the investment to purchase a home . The real estate effort index is defined as a number of years of full salary that an average citizen would need to allocate to buy an average-type home. It is calculated at the Autonomous Community level. It is based on the quotient between the value of the housing market and the average annual gross income that is published in the INE on the salary structure. Let's talk in graphic terms According to the Appraisal Society , this year 2019 compared to 2018 said index would be as follows: income As we can see, the Balearic Islands top the list of communities where most of the income must be invested, followed by Catalonia and Madrid, since they are two large capitals of Spain. On the contrary, we observe a lower income investment in La Rioja as first place, followed by Murcia and Aragón.
This would translate… In the Balearic Islands, a citizen who wants to own a house would have to spend 15 years of savings on his full salary, while in La Rioja or Murcia, he would have to spend almost five years, in both Autonomous Communities. Other elements to take into account Apart from the location of the home the client wants to buy, the issue of age must be considered. A person around 35 years old allocates more money to his or her budget to pay for housing than a person of greater or lesser age, for example, a 35-year-old person can allocate an average of 930 euros, unlike a person under 35 that can reach around 600 euros. Likewise, we must take into account the type of housing to which we are exposed: apartments, detached houses and semi-detached houses. In Spain, we find people who look at apartments (66.1%), semi-detached houses (21.5%) and independent homes (12%). In short, society must be aware of what income it has when buying a home to know what it can be exposed to and up to what amount it is willing to pay according to its economic situation. savings , buying a home , income , housing SHARE Twitter Facebook LinkedIn Google+ WhatsApp RELATED POSTS Comfort at home Comfort at home Best areas and neighborhoods in Madrid Best areas and neighborhoods in Madrid Buying a home off plan.
Content guide Do we know what the real estate effort index is? Let's talk in graphic terms This would translate… Other elements to take into account Do we know what the real estate effort index is? Many of you may not have heard UAE Email List of this term, which is taken into account when estimating the investment to purchase a home . The real estate effort index is defined as a number of years of full salary that an average citizen would need to allocate to buy an average-type home. It is calculated at the Autonomous Community level. It is based on the quotient between the value of the housing market and the average annual gross income that is published in the INE on the salary structure. Let's talk in graphic terms According to the Appraisal Society , this year 2019 compared to 2018 said index would be as follows: income As we can see, the Balearic Islands top the list of communities where most of the income must be invested, followed by Catalonia and Madrid, since they are two large capitals of Spain. On the contrary, we observe a lower income investment in La Rioja as first place, followed by Murcia and Aragón.
This would translate… In the Balearic Islands, a citizen who wants to own a house would have to spend 15 years of savings on his full salary, while in La Rioja or Murcia, he would have to spend almost five years, in both Autonomous Communities. Other elements to take into account Apart from the location of the home the client wants to buy, the issue of age must be considered. A person around 35 years old allocates more money to his or her budget to pay for housing than a person of greater or lesser age, for example, a 35-year-old person can allocate an average of 930 euros, unlike a person under 35 that can reach around 600 euros. Likewise, we must take into account the type of housing to which we are exposed: apartments, detached houses and semi-detached houses. In Spain, we find people who look at apartments (66.1%), semi-detached houses (21.5%) and independent homes (12%). In short, society must be aware of what income it has when buying a home to know what it can be exposed to and up to what amount it is willing to pay according to its economic situation. savings , buying a home , income , housing SHARE Twitter Facebook LinkedIn Google+ WhatsApp RELATED POSTS Comfort at home Comfort at home Best areas and neighborhoods in Madrid Best areas and neighborhoods in Madrid Buying a home off plan.
