The median house price in the Sultanate is USD175,015.
Buyers take 8.7 years to afford homes, according to global online lender NetCredit, which recently analysed over 800,000 online property listings for 73 global capitals and calculated the median house price for each city in total and per square metre.It takes 4.7 years in Muscat and Pretoria to buy a home, while it takes 6.9 years in Belfast in Northern Ireland, 7.6 years in Bucharest in Romania and 8.7 years in BSB, making them the five most affordable cities for home buyers.
NetCredit said on a global scale, the property market is facing a difficult time. During the pandemic, prices rose quickly as people radically altered their idea of where and how they wanted to live. Higher interest rates and the cost of living have reduced demand for houses, but a general shortage of properties on the market has prevented prices from bombing.
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