The average salary is similar (25,060-25,442 euros) in all areas of Hego Euskal Herria, but buying a house in Álava, Bizkaia or Gipuzkoa costs an average of 82,576 euros more than in Navarre.
Euskaraz irakurri: Etxebizitza ordaintzeko, batez best 9.2 urteko soldata osoa behar da EAEn, eta 6 urtekoa nafarroan
The average house 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, the entire salary must be allocated during 9.2 years, a slightly higher effort than in 2021 (9.1). while in Navarre average house price €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 research ‘Ratio of wages and house purchase in 2022’ based on the data of the average salaries of vacancies from the InfoJobs platform and the average prices of second-hand houses for sale from the Fotocasa Real Estate Index. According to the study, the Basque average is above the Spanish average: in the state as a whole, 6.7 years of full salary is allocated to pay for housing.
By province, where an average mortgage on an 80 square meter home takes the longest to pay off is Gipuzkoa at 9.8 years, followed by Bizkaia at 9 years and Álava at 8.8 years. For example, the BAC ranks third in the ranking of autonomous communities that spend the most time paying a mortgage, after the Balearic Islands (11.3 years) and Madrid (10.4 years).
Similarly, according to the study, the price of housing in 2022 was 2,913 euros/m2 in the BAC and 1,880 euros/m2 in Navarre. The state average was 2,051 euros.
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Source: EITB
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
