Author: Santi M. Amil
Every citizen of Galicia must pay the entire gross salary of 6.1 years (73 months). mortgage from his living place purchased in 2022, two months more than the previous year, study data shows The relationship between wages and the purchase of an apartment in 2022. this Tuesday was announced by Fotocasa.
The average price of apartments for sale in Galicia as of 2022 was 1,676 euros per square meter, 2.9 percent more expensive than the year before, while the average gross salary for that year was 22,087 euros, 1,841 euros gross per month in 12 payments.
“We are facing the highest salaries that citizens have invested in order to pay for their apartments. The reason is clear. The purchase price reached the highest increase not only in the last year, but also in the entire historical series, since the Fotocasa Real Estate index has records,” noted studio director and Fotocasa spokesperson, María Matos.
For the director of studies, this jump is a response to the change in monetary policy, s interest rate increasesi.a imbalance between supply and demand.
Spain set
Nationally, the average Spaniard has to dedicate his entire gross salary for 6.7 years to pay the mortgage on his home bought in 2022, six months more than the previous year and more than Galicians have invested.
In 2022, the time to pay a mortgage increased in 13 autonomous communities, and was shortened only in Cantabria, from 6.5 years in 2021 to 6.3 years in 2022, Castilla y León, from 5.2 years in 2021 to 5.1 years in 2022, and Castilla-La Mancha, from 4 years in 2021 to 3.9 years in 2022. Asturias, with 5.3 years, is the only one that does not change the payment time compared to 2021 ., according to the study.
Among the autonomous communities that took the longest to pay off a house mortgage in 2022 are the Balearic Islands and Madrid, where repayment takes more than 10 years. More precisely, they need 11.3 years (136 months) and 10.4 years (125 months) to pay off their homes.
In the case of the Balearic Islands, the price of apartments for sale closed 2022 with an annual increase of 13.8% and set the price in December at 3,290 euros per square meter. The average gross salary of this community was 23,292 euros in 2022.
Source: La Vozde Galicia
I am Jason Root, author with 24 Instant News. I specialize in the Economy section, and have been writing for this sector for the past three years. My work focuses on the latest economic developments around the world and how these developments impact businesses and people’s lives. I also write about current trends in economics, business strategies and investments.
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