The Cost of Housing: Top 10 Most Expensive and Cheapest Countries for Apartments

Discover the stark contrast in housing costs around the world, from the priciest apartments in Hong Kong and Singapore to the most affordable options in Egypt and Pakistan.

The cost of housing varies greatly from country to country, with some places being significantly more expensive than others. According to the international database Numbeo, the top 10 countries with the most expensive apartments are Hong Kong, Singapore, Switzerland, South Korea, Australia, Taiwan, Israel, China, Germany, and Kuwait. On the other hand, the top 10 countries with the cheapest apartments are Egypt, Pakistan, Venezuela, the Republic of Ghana, Bangladesh, Libya, Tunisia, Palestine, South Africa, and Mauritius.

When analyzing the cost of real estate in these countries, we considered apartments in city centers and evaluated them based on the price per square meter, the approximate cost of a 90 square meter apartment, and the interest rate on a 20-year fixed-rate mortgage. The results show a stark contrast between the most expensive and cheapest countries in terms of real estate prices.

In the most expensive countries, the cost of housing is significantly higher, making it challenging for many people to afford their own homes. On the other hand, the cheapest countries offer more affordable housing options, making homeownership more accessible to a larger portion of the population.

It's important to note that these rankings are based on current data and may change over time as economic conditions and real estate markets evolve. However, they provide valuable insights into the global real estate landscape and the varying affordability of housing in different parts of the world.

The cost of housing varies widely across different countries, with some places being much more expensive than others. The top 10 countries with the most expensive apartments include Hong Kong, Singapore, Switzerland, South Korea, Australia, Taiwan, Israel, China, Germany, and Kuwait, while the top 10 countries with the cheapest apartments are Egypt, Pakistan, Venezuela, the Republic of Ghana, Bangladesh, Libya, Tunisia, Palestine, South Africa, and Mauritius.