EnricoPallazzo said:
I dont think houses are that expensive in Brazil as an average. The problem is that salaries are low and interest rates for morgages are very high. |
Comparing prices with developed countries, yes. But our country has a much smaller average income, what makes housing here proportionally more costly. The average salary in Brazil last year, was R$ 2480,00 ( USD 703), while the average rent in a city like São Paulo was R$ 1750,00 ( USD 512 ) and the cheapest apartments in the same city - located on the farthest districts, cost around R$ 140.000 (USD 42.000). Ouch!
Of course, prices may vary a lot depending where you live. In smaller cities, houses are cheaper. I could by a house in a small city for half the price of my apartment, but I´d have to quit my job and I would never find another one with a similar salary in that city. Most people do that with a plan of opening a small business in mind, but that also requires a lot of money. I personally don´t want to move so far from the state capital yet. Maybe when I´m older and closer to jubilating.
