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> Now I live in another country, ten years have passed, and the same happens in the city I live in. The same is happening in my city (Baltics) too. We bought a
by fy20 6y ago
> Now I live in another country, ten years have passed, and the same happens in the city I live in.
The same is happening in my city (Baltics) too. We bought a new apartment 5 years ago in the city centre, at the time we paid €2250/m2 which was quite a lot. Now I'm seeing the standard price for new apartments being double that. The typical salary here is around €1000/mo[1], so these apartments are completely unaffordable to most people.
We were actually looking to upgrade (as we have a 1br apartment and now a kid), but we wouldn't be able to afford to buy a bigger apartment. Instead we bought land and are building a house on the outskirts of the city. We got lucky there too, as we completed the purchase right before COVID and apparently land prices have gone up a lot now.
You can still find barely affordable (usually older) apartments further out of the city, but if you want to live anywhere close to the centre you need to be earning a salary a good few multiples higher than the average.
[1] Thats for the country as a whole, but salaries vary a lot in different regions, so maybe for where I am it's higher.