The mortgage and rent index of countries around the world. Mortgage index refers to the percentage one must spend of their income to afford their mortgages. Rent index refers to the percentage of average rent as compared to the rent in New York City. All data is based on highly populated metropolitan areas in each country.
Mortgage Index is the percentage of the average monthly family income compared to the average monthly cost of a mortgage. Based on average price per square meter for a 90 square meter house or apartment in and around highly populated areas in 2016.
Rent Index is the estimated percentage that the cost of renting an apartment in the specified country is compared to New York City. If the rent index is 50%, the cost of renting an apartment in the specified country is estimated to be 50% the cost of renting an apartment in New York City. Based on apartment rent cost in and around highly populated areas in 2016.