Paying for housing in the BAC costs an average of 9.2 years of full salary and in Navarra 6 years
The average salary is similar (25,060-25,442 euros) in all the territories of Hego Euskal Herria, but buying a home in Álava, Bizkaia or Gipuzkoa costs an average of 82,576 euros more than in Navarra.
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Euskaraz irakurri
Euskaraz irakurri: Etxebizitza ordaintzeko, batez beste 9,2 urteko soldata osoa behar da EAEn, eta 6 urtekoa Nafarroan
The median home price in the Basque Autonomous Community stood at 233,000 euros last year and the average salary was €25,442with which to settle the payment of the house it is necessary to allocate the full salary during 9.2 years, a slightly higher effort than in 2021 (9.1). while, in Navarre median home price is €150,424 and the average salary is around €25,060and paying off the mortgage is equivalent to 6 years of full salary.
This is reflected in the study ‘Relation of wages and the purchase of housing in 2022’ based on the data of the average salaries of job offers from the InfoJobs platform and the average prices of second-hand homes for sale from the Fotocasa Real Estate Index. According to the research, the Basque average is above the Spanish average: in the State as a whole, 6.7 years of full salary are allocated to pay for housing.
By province, where an average mortgage on a 80-square-meter home takes the longest to pay off is Gipuzkoa with 9.8 years, followed by Bizkaia with 9 years and Álava with 8.8. Thus, the BAC is in third place in the ranking of autonomous communities that spend the most time paying a home mortgage behind the Balearic Islands (11.3 years) and Madrid (10.4).
Likewise, according to the study, in 2022 the price of housing stood at 2,913 euros/m2 in the BAC and 1,880 euros/m2 in Navarra. The state average was 2,051 euros.
Source: Eitb

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