How is the house price in your country?
By sunli123
@sunli123 (538)
China
September 20, 2011 8:34pm CST
The price of the house in China is very very high(compared with the salary of most people) in recent years. Worse is that it's keeping rising now. This is really bad news for people who don't have apartments like me. I'm living in a rent apartment now with a roomate. Actually I've changed five places since I graduated four years ago. It's not possible for me to buy a small apartment(for example 40 square meters) at present. How is it in your country?
11 responses
@FarahJane1011 (180)
• Philippines
21 Sep 11
Houses in the Philippines is very expensive! Only few can afford to buy a house in cash basis. Mostly, through mortgage/loan basis. Good thing we have this institution who offers housing loan for interested members. The interest is quite manageable, though. There is a bracket on how much loan you can avail based on your salary, you can also choose whether you pay it in 5 years or so.
@sunli123 (538)
• China
23 Sep 11
So it is in our country. Yes, many people buy their apartments through bank loan. But the price is still too high even thoug you choose to pay it in 10 or 15 years. The young people couldn't afford the down payment, they use all their savings, their parents or even grandparents' savings to afford a 2-bedroom or 3-bedroom apartment.
@FarahJane1011 (180)
• Philippines
23 Sep 11
Yes the interest is still high, though that is the best option we have especially for those who cannot afford to acquire house and lot in cash basis.
Aside from the monthly amortization, we have to pay the equity also, though in our case we pay it in staggered basis for one year, but still its quite high, but that's our only option in order for us to have our own. Its really getting high every year, so while its still not too late, better have one now.
@sunli123 (538)
• China
23 Sep 11
Do you mean that if you buy a house in your country, you need to pay the house amount and the equity? We don't have this type of equity, but the house owners only have seventy-year property right. That means you need to resign the contract and pay again by then. But it is too far to worry about this thing. Now the trend here is puling down and rebuilt. Who knows what could happen in 70 years?
@writersolutions10 (497)
• India
21 Sep 11
Oh really!! china is one of the fastest growing economy so the price may be high and in india which is also booming in major sectors, the house prices also increasing steadily. It is very hard to buy an house here which may cost you in lakhs.
@sunli123 (538)
• China
22 Sep 11
Yeah, maybe the economic of the country is growing but the house prices are rocketing up. Well, I'm not complaining, I work hard and try to improve my ability, but is there any possiblity the house price could drop a little? I could see the sign at present.
@writersolutions10 (497)
• India
22 Sep 11
To me i think there is no chance of price decrease in price. It is one of the major sector and essential property of all. So more demand the more price we have to pay. Hope everything goes well and lets hope for the best.
@marilyninocencio (116)
• Philippines
21 Sep 11
I live here in the Philippines. The rental fee here actually depends on the place where the house is located. There are places that rentals are pretty high and there are places that it is low. Anyway, whatever the price is, be it high or low, I think it is still a burden for everyone who is renting to rent a house. But you have no choice but to rent one...
@gk655321 (236)
•
23 Sep 11
Yes, it is cheaper which has it's perks, but the downside is if you don't have some degree in something you literally have to work two jobs day and night in order to afford it and the way the economy is right now it's hard to find one job. I've been stuck with my boyfriend for the past 6 months at his parents house with 8 other people plus their kids and there's only two bedrooms in the house.
@mariahhh (1328)
• United Arab Emirates
21 Sep 11
I can never buy a house here. The rent fee is very expensive, so to buy a house is 10 times the amount of our rent fee. I'm renting a three-bedroom flat which costs me $30,000 annually. The good thing is that there are amenities included, like swimming pool, gym and sauna. But the building is too old, and so are the facilities.
@maximax8 (31046)
• United Kingdom
21 Sep 11
In my home country there is a recession so house prices have lowered but the house prices are still quite high. It is best to be a home owner if that is possible than a renter. I bought my cottage in 1991 and sold it in 2005 when I bought my modern house. I sold that in 2010 and bought my bungalow. In my home country prices vary depending on location and what it is like. London has the most expensive property prices and so does Sand Banks in Bournemouth.
The prices go up as follows: a studio flat is cheap, an apartment is a bit more, a terraced 2 bedroom house is quite pricey, a 3 bedroom semi detached in expensive, a bungalow is more expensive than a house usually. I was lucky to be able to get a bungalow that needed some work. I got floor coverings and a new kitchen. I can't afford to do anymore work on it. I did quite a lot to improve my back garden.
Good luck affording an apartment one day.
@sunli123 (538)
• China
23 Sep 11
At present, the houses are very expensive that common people cannot afford them even with their entire working life here. Most people work hard and spare their efforts just for a 2-bedroom or 3-bedroom apartment. It is hard. But what we all do is trying to work hard and make our own life better. Thank you for sharing your experience and wish you good luck too.
@greenline (14838)
• Canada
21 Sep 11
House prices here in my country was stable over the last year. But, realters are say it is going to rise towards the end of 2011, and will continue rising in 2012. Of course, that makes things very hard for home buyers, and those relocating to other cities.
@sunli123 (538)
• China
23 Sep 11
The house prices have been rising dramatically since the year 2008. For most single people in our country, the house is not only a place to live, but also marriage. It means home and stable. So the young people and their parents would spare no efforts for a 2-bedroom or 3-bedroom apartment.
@jeannames (303)
• Turkey
21 Sep 11
I live in Turkey. Some city is expensive, some city is cheap. Average price 30.000 USA (America) dollar
@Triple0 (1904)
• Australia
21 Sep 11
In Australia, houses are very expensive now, no one buys houses anymore and lots of people who are trying to sell their homes are having heaps of issues in finding buyers. Because of foreigners buying out all the Australian homes and outbuying the local Australians, Aussies find it very difficult to compete and therefore house prices are rising. Everything is practically expensive now, all bills are rising and my family is slightly struggling to repay these bills. Hope the economy improves soon. As there are more people in this world, houses will get super expensive.
@huilichan8 (1378)
• Singapore
21 Sep 11
Oh the houses in my country are also very expensive. It'll take one's entire working life to finish paying for a flat.:( Even renting a room is expensive. A small room without air-con (excluding payment of utilities) can be as high as SGD$750/mth in certain locations, which is a huge chunk off an average person's salary.
