More than 12 years to buy home in Seoul even if all paychecks were saved: Data
- 4 years ago
"서울시민 월급 한푼 안쓰고 모아도 아파트 사는데 12년 걸려"
New figures show an average household in Seoul would have to save ALL their income for more than 12 years just to buy an average-priced apartment in the city.
According to data released by National Assembly Research Service on Monday, the Price to Income Ratio, that measures the affordability of homes in a certain area,... came to 12-point-one-three in Seoul last year.
The average price of an apartment in Seoul was just under 700-thousand U.S. dollars as of December 2019.
In a bid to tame the overheated housing market,... the government is set to reveal plans to build more housing units in and around Seoul.
New figures show an average household in Seoul would have to save ALL their income for more than 12 years just to buy an average-priced apartment in the city.
According to data released by National Assembly Research Service on Monday, the Price to Income Ratio, that measures the affordability of homes in a certain area,... came to 12-point-one-three in Seoul last year.
The average price of an apartment in Seoul was just under 700-thousand U.S. dollars as of December 2019.
In a bid to tame the overheated housing market,... the government is set to reveal plans to build more housing units in and around Seoul.