Its not uncommon to have a 800€ salary when renting starts at basically 500€ since covid.
Usually people earn around 1000-1200€ but it doesnt make it much better.
LPNMP on
This isnt a normal city thing?
StickyThickStick on
Comparing national average income to local rent prices isn’t very useful
shadesofglue on
Would it be more indicative of compare it to the city median income instead of the country, most capitals are expensive to live in
babygotthefever on
I went to Lisbon a year or so ago and it was beautiful. I heard there was a big American expat community there but I also read afterward that they are having all kind of affordability issues because of foreigners buying up real estate and being able to pay more in rent. I do hope measures are being taken to prevent and reduce those instances.
toontje18 on
Recently visited Lisbon, Porto, Thessaloniki and Athens. Big yikes, didn’t know it was that bad, and I already knew there were problems. I spoke with some local youth in some of those cities, it makes their pessimism and urge to move to other countries make complete sense.
9 Comments
100% of formal income
I live in Athens.
Its not uncommon to have a 800€ salary when renting starts at basically 500€ since covid.
Usually people earn around 1000-1200€ but it doesnt make it much better.
This isnt a normal city thing?
Comparing national average income to local rent prices isn’t very useful
Would it be more indicative of compare it to the city median income instead of the country, most capitals are expensive to live in
I went to Lisbon a year or so ago and it was beautiful. I heard there was a big American expat community there but I also read afterward that they are having all kind of affordability issues because of foreigners buying up real estate and being able to pay more in rent. I do hope measures are being taken to prevent and reduce those instances.
Recently visited Lisbon, Porto, Thessaloniki and Athens. Big yikes, didn’t know it was that bad, and I already knew there were problems. I spoke with some local youth in some of those cities, it makes their pessimism and urge to move to other countries make complete sense.
What does this mean? Folks are borrowing to live?
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