This is why the significance of data on property value cannot be over-emphasized. Property prices have influenced careers and other critical life decisions.
The decision of residency is significantly determined by the price of real estate in any given region. Where a person decides to live is heavily influenced by the cost of housing in comparison to other factors such as income, security, and property appreciation.
According to Numbeo, the basic metric of the Property Prices Index is the Price to Income Ratio (lower is better). It is commonly measured as the ratio of median apartment costs to median family disposable income expressed in years of earnings.
