How Many Years Does it Take to Save for a Condo?
- In Hong Kong, the most unaffordable city worldwide for 14 consecutive years, it takes more than two decades for an average skilled worker to buy a condo.
- Paris stands as the most unaffordable city in Europe, despite real home prices falling more than 20% from post-pandemic highs.
- The median sale price of a condo or co-op in Manhattan stood at nearly $1.2 million in the fourth quarter of 2023, with prices per square foot up 44% in a decade.