A new study placed Bandar Seri Begawan (BSB) in the top 10 most affordable cities for home buyers when taking into account yearly salaries and median home prices.
Buyers take 8.7 years to afford homes, according to global online lender NetCredit, which recently analysed over 800,000 online property listings for 73 global capitals and calculated the median house price for each city in total and per square metre.
Muscat and Pretoria also ranked highly. It takes 4.7 years in Muscat and Pretoria to buy a home, while it takes 6.9 years in Belfast in Northern Ireland, 7.6 years in Bucharest in Romania and 8.7 years in BSB, making them the five most affordable cities for home buyers. The median house price in the Sultanate is USD175,015.
More details on Weekend’s Borneo Bulletin