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proof_required t1_jdrkvni wrote

Yep and salaries aren't even high though to justify that. Even high skilled workers in IT etc can't afford these places!

It's also the byproduct of countries being much smaller. So lands are expensive in general especially in central/western European countries.

Buying a house like that you mentioned even outside of major German cities won't be much cheaper.

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proof_required OP t1_j9jyoxc wrote

You can check here but their median house price calculation is something like this

  public double calculateMedianHousePrice() {
    return (calculateMedianHousePriceCityCentre() + calculateMedianHousePriceOutsideOfCentre()) / 2;
  }

Also

> Price to Income Ratio is the basic measure for apartment purchase affordability (lower is better). It is generally calculated as the ratio of median apartment prices to median familial disposable income, expressed as years of income (although variations are used also elsewhere). Our formula assumes and uses: > * net disposable family income, as defined as 1.5 * the average net salary (50% is assumed percentage of women in the workforce) > * median apartment size is 90 square meters > * price per square meter (the formula uses) is the average price of square meter in the city center and outside of the city center

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