How much does 1 sqm (10 sqft) in a middle class apartment/house cost in your city?

Unbelievably cheap comparing to your wages.

How can you even complain about overpopulation, immigrants and boomers?

Probably a touch south of €6000
I suppose it depends on what you mean by middle class but I'm picturing new build townhouses in the outer suburbs

No idea how much. Owning property is a debt trap anyways. Bow to your bank overlords, debtcattle.

And what about apartments in the city?

8.000-5.000 €

>getting a mortgage

If you were stupid enough to do it then yes, it might be a trap.

We don't actually complain, Lyon is pretty based. Lots of well-maintained public transport, mayorship with an emphasis on public security and lots of culture.
The only "problem" is the white flight from Paris rising the prices (10% last year). ofc I profit from it since I own my apartment

i'd say 2.5-3k on average

CIty of 380k people

The average house is 150m2, and the smallest houses around around 90m2, so it is not really that cheap.

Also I just realised you said middle class, so double both of those numbers.

I haven't checked the very center of Riga, but about 30 mins out a new project apartment would be 1.8-2.2k per sqm

Prague

4k€, much more in centrum

Its ridiculous when the average wage in Prague is 1600€

Around 20k peoples are moving to Prague every year and only 5k new appartments are built

Not really when your mortgage is 500€/month and the rent would be 700€

Plus we have almost zero property tax, its like 120€ per year

OK now it's fair.

Reasonable prices I guess, in Warsaw you can always find apartments even as cheap as 1,5k eur but it's far away from the centre and rather lower-middle class standard.

How many people can afford those prices without mortgage? Almost no one.

And usually you need to be in big city to get a job to earn enough money anyway as jobs outside of big cities are very rare (and also pays much less) nowadays.

Property speculation is simply more modern slightly more "civilized" version of serfdom. You plow your money and acquire debt which ties you to some place.

>not living with parents until you're 40 and you saved money for your own apartment without any mortgage

I blame Zlovaks

the trick with a mortgage is to spend a lot less than the bank says you're allowed to
the debtslaves are victims of FOMO and treating a debt like it was their money to spend
t. 35 year old boomer who paid off his mortgage

>Around 20k peoples are moving to Prague every year and only 5k new appartments are built

So? Since when 1 apartment must be for 1 person? It's usually 3-4 people for 1 apartment so 5k apartments for 20 people seems fine

Yeah, 500 given current interest rates. But when shit hits fan and interests double or triple, you will be in trouble. There tends to be some kind of economic crisis in the west like every 10-15 years lately. It is gonna happen, pushing the serfs back into the poverty hell hole.

>But when shit hits fan and interests double or triple, you will be in trouble
That's why you only take fixed interest loans wew.

Yes you can do that, but then you have not been "free" in your youth which is what almost all kids ever wanted since america became the worlds cultural monopole.

In 2012 a sqm was 7770$ in Tel Aviv.
Now it's probably 8000-9500

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Its usually 2 people plus already residents are buying too, now add extra "investors" from china, russia, saudi and peeople who just rent them for airbnb and you are fucked

There is about 50k appartments shortage right now

You can fix them for what is it, like 1, 5 or 10 years, but you can't fix them forever. And the longer you fix the higher they get, sucking more and more of your money into the big bankers thirsty mouths.

Maybe if you have retarded parents. My parents don't care about what I do as long as I pay for my expenses (which is ofc way cheaper than actual renting). I could even watch anime all night long.

Isn't capitalism nice, huh?

Oh yeah I forgot to mention as of the end of 2017 the most expensive place in Tel Aviv was 18000$/sqm.

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Yep. Foreign investors want to make sure their people don't emigrate here, because literally everything else is so much awesomer here. So they buy property and then they have their intelligence agencies "rent" those places at obviously faked superhigh prices.

That's the price you pay for having such a pretty city like Prague. If you had asked Germans in the 1940s to modernise the city a bit now no foreign investors and tourists would drive up your prices.

10-15k EUR

So now your fixed interest term expires just as said shit hits said fan (which is exactly what banks were expecting which is why they were giving you a good fixed interest rate whilst variable rates were relatively low) and you've been coasting along without reducing the premium while you could. This is what's going to happen to a lot of our financial normies when the reserve bank finally pushes up interest rates

What? No I mean most young would do almost anything to get out of their parents home when they are 18, because that is what they learn they should do from TV and popular culture.

This is really expensive. Are your apartments of good quality? Is it onky in Tel Aviv or all Israeli cities are expensive?

My fixed interest rate (1.6%) will expire when I finish to pay the loan back my dudes.

>because that is what they learn they should do from TV and popular culture

I was raised watching "Married with children" desu so living with parents doesn't seem weird to me.

>1.6%

REEEE I want to live in the euro zone now.

Here it's about 3-4%

how long is that going to be pierre

15 years.

Actually were germans who helped building the pretty structures in Prague, many hundred years ago. Long before murrica even was born.

Everywhere is expensive but not as expensive , there's an apartment/housing shortage and rich people are making more money owning 3-8 apartments and renting them than selling them.. Some places are expensive good and new, some are cheaper because they're a bit old.

screenshotting for July 2033

yeah, maybe finally when I am old and ready for entering the afterlife I have paid back my debt to my banker overlords. but that is not a life i want to live.

With the low interest rates nowadays, it's litterally cheaper to buy than to rent if you got a stable job. Friends of mine are renting an appartment smaller than mine, in a shittier district, and are paying more in rent that I do in loan payments.

Hopefully the prices will stop rising, there are several big projects with total of 25k new appartments under construction

And I hope airbnb will be banned next year

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That's why you have to pay such high prices now. Germans fault. They should pay compensations to you just after they pay what they owe to us.

about 4000 EUR
And that's a shit tier khrushevka
>1600
that's like our yearly wage

What about building skyscrapers? They're efficient.

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No it isn't. It is westerner investors who buy property to artificially drive up prices because everything is so cheap here (also).

It's much more expensive to build taller than a dozen of floors.
Plus, such a high population density is pretty shit.

t. zamkadysh trying to buy a flat on Arbat in Moscow

Yes with the low interest, but if you know any history, then you know that economic crises do happen regularly and when they do and the interest rates go up it is the indebted who pay the price.

>westerner investors

Therefore Germans

My city is weird. It’s poor yet very expensive. A friend of mine for example bought a very nice 90m2 apartment in a poor yet very nice area for I think €120K while you can also buy 90m2 apartments for €300k.
Tiny 120m2 houses near canals or historical districts go for even more than that

No, just... no. Everything is anglo. Even the stuff which is claimed to be german and seems german-friendly is irish in disguise.

they're an efficient use of space and public infrastructure but they're not an efficient construction method, especially when you consider the ongoing additional costs of keeping a tall building running

Too expensive

Its basically luxury housing for rich people and offten just investment

Penthouse in that V tower costs 6m €

We need ten of thousands 60-70sqm appartments

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Also in Amsterdam it’s double that. Warsaw is a cheap little village lol

My dude, that why you sign a contract with a fixed interest over the whole course of the loan. Sure, that means you got a 1.6% rate loan rather tha 1.1%, but that means that you won't get fucked over in the next recession.
Plus, housing prices in large and dynamic cities rise continuously, so it's not a bad investment in the slightest.

Amsterdam has much more of cozy village feel to it desu. But that cozyness is simply not worth the prices.

>1.6%
In Eastern Europe they have like 5% or more because of their rupee currency

>wages in Amsterdam are 4 times higher
>houses are only twice as expensive

Just kys me

So where do you live? Are you just autist neet living in mama hotel?

You can take a loan in EUR, but you never know what the currency rate will be (just like with CHF)

Never heard of that desu. 10 years is max amount of time I have heard of that you can fix the interest rate. And already then you end up paying much more.

My town has a serious glut of 20 sqm dogboxes built for international students in inner city highrise. My plan when I get to retirement is to buy out a whole floor of them, bribe the City Council into changing the zoning, and knock down a few walls so humans will want to buy and live in them

Its 1.8 here my little morrocan friend

It probably varies a lot between countries, since western europe is more stable rates tend to be low. Especially for investment in housing, which is extremely safe.

Over here the general trick is to turn actual human housing into small sheds for international students. They often have rich parents and don’t know their rights making them excellent milk cows

No mama hotel. I would rather become homeless druggie than that. That would serve them mom funds right. I live in Prague.

I don't believe a word of it. I've seen so much lying from proxying westerners on the site to believe any of that.

That's because Berlin is the biggest pile of shit that has ever been put on a map

So you are renting in Prague

Top kek

Stop giving other people financial advices

For all intents and purposes my rent is 0 as I told you, I am a hobo.

Still richer than any eastern European city

Not sure about the entire duration of the loan but our interest is so low it destroys the country.
Imagine how every boomer over here with >60k in their savings can go to a bank and turn the money into 600k with 1.1% interest so they can buy 3 apartments and turn them into 9 studio’s.
Or even worse: rich boomers being able to buy entire buildings. A father of a friend of mine did this by selling his shares of a family company worth very little. The bank just gives you 15 times what you have if you promise to buy real estate

>I am a homo.

Prague may be pretty but it feels too medieval. Warsaw is a modern and vibrant city and the capital of Eastern Europe, no one can compete with us.

I have no idea what a boomer is. But you sound like a proxying american trying to scare me away from Europe.

Very smart Dutch.

The header of my loan contract desu.
"Taux débiteur" is the rate.

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>Milan
8800-9000€ per sqmt

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It is more humane to just say that than to say you don't enjoy relationships. It saves the girls much worry because otherwise they start thinking maybe they can turn you into a good guy.

Yeah I would like to see this 20+ years fixed rate mortage

I would like to visit some time. Only been to Krakow so far, but I kind of liked the feel of it.

It's not even the worst German city, why do you all get so butthurt about it

A boomer is someone born after WW2 during a time of exponential economic growth and population boom that is now nearing retirement age and has accumulated a lot of wealth.
I can see how they don’t exist in post-commie countries but they are a real thing in the west.

Its 1,8 here average so who cares

But show us that 20+ years fixed rate mortage pls

Send us a link to bank

It says it’s fixed which I think means fixed over the entire duration

just because the government pumps so much money in.
Name one city that is worse

Is it? That's the average price here for a shitty house in the Netherlands. Imagine a crappy row house of 1300sqfr going door 350-400k USD while being still in a small ass village. If you want it near Amsterdam you pay 900k USD.

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The wurst city is Vienna, you get it? Wienerwurst, höhöhö!