• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

Republica Press

Your Business & Political News Source

REPUBLICA PRESS
Your Business & Political News Source

  • Home
  • BUSINESS
  • MONEY
  • POLITICS
  • REAL ESTATE
  • SCIENCE/TECH
  • US
  • WORLD

Around the World, Buying Is Costlier Than Renting

by

In today’s tight, competitive housing market, the first hurdle for many aspiring home buyers is simply being able to afford one. After all, a rent check is usually smaller than a mortgage payment on a comparable property. For those looking to buy a home overseas, the hurdles can get even higher.

A new study by Comparethemarket.com, a website that helps consumers compare costs of home loans and other products, weighs the pros and cons of buying or renting in 39 countries around the globe by examining each location’s average monthly cost of renting a three-bedroom home, the estimated mortgage payment on a three-bedroom home, and the monthly premium that buyers can expect to pay over renters. Data was captured in the fourth quarter of 2020 and drawn from the Organization for Economic Cooperation and Development, a Paris-based think tank whose member nations cooperate to develop economic and social policy; and Numbeo, an online database that specializes in the cost of living.

[Curious about homes in distant lands? Read our International Real Estate column.]

Among the nations included, tiny Luxembourg had the highest mortgage premium, with the estimated monthly mortgage of $4,558 sitting about 50 percent higher than the average rent of $3,917. Next was Latvia, where the mortgage payment of $830 was 42 percent higher than the average rent of $582. Only in Italy and Finland was buying found to be less expensive than renting, though not by much.

buying or renting internationally.

View Source

>>> Don’t Miss Today’s BEST Amazon Deals! <<<<

Filed Under: REAL ESTATE

Primary Sidebar

More to See

$7.45M Hog Island Is the Largest Private Island Available in Florida Right Now

It’s the ultimate in seclusion in the middle of North Central Florida: a private island in the middle of St. Johns River near Lake George.In addition … [Read More...] about $7.45M Hog Island Is the Largest Private Island Available in Florida Right Now

Seattle Seahawks Haven’t Ruled Out Acquiring Baker Mayfield Just Yet

The Seattle Seahawks are very much still in the running for Baker Mayfield. (Photo by Stacy ... [+] Revere/Getty Images) Getty Images The Seattle … [Read More...] about Seattle Seahawks Haven’t Ruled Out Acquiring Baker Mayfield Just Yet

Makgeolli: How Korean rice wine is stepping out of soju’s shadow

(CNN) — Kim Kyung-seop recalls going to cheap bars after class with his friends, where they binged on as much makgeolli as possible. "You know the … [Read More...] about Makgeolli: How Korean rice wine is stepping out of soju’s shadow

Copyright © 2022 · Republica Press · Log in · As an Amazon Associate we earn from qualifying purchases.

Terms and Conditions - Privacy Policy