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Top 10 Places to Invest in Properties for 2010 by Numbeo's Property Investment Index
Using property prices, salaries, rental data and derivated indexes, Numbeo.com pushed property investment index for 2010.
House Price to Income Ratio is the basic affordability measure for housing in a given area. It is generally the ratio of median house prices to median familial disposable incomes, expressed as years of income.
Places with lowest house price to income ratio in the world in 2010 are :
- Lincoln, United States (house price to income ratio) 1.44
- Tampa, United States (1.44)
- Denver, United States (1.67)
- Austin, United States (2.05)
- Columbus, United States (2.10)
- Portland, United States (2.95)
- Berlin, Germany (2.97)
- Atlanta, United States (3.26)
- Philadelphia, United States (3.45)
- Santo Domingo, Dominican Republic (3.54)
- Frankfurt, Germany (3.66)
- Minneapolis, United States (3.91)
- Santiago, Chile (4.06).
Out of these locations, locations in Germany such as Berlin and Frankfurt have some advantages : strong export economy of Germany makes those locations very attractive for puchasing. However, big vacancy ratio of properties in Germany, negative population growth and legal system regarding property rentals makes Germany not so attractive. Santiago is a old interesting spot – solid Chilean economy, low crime ratio comparing to other South American countries, relatively low price per square meter and high yields make it as very attractive location for property investment.
For complete rankings please visit http://www.numbeo.com/
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Numbeo.com (http://www.numbeo.com) is the largest free Internet database about cost of living and property prices worldwide. Numbeo.com allows visitors to estimate their own cost of living expenses if they are relocating. It uses data contributions from people all around the world to make statistical analysis of these data for free availability to everyone in a structured manner.
The founder of Numbeo.com is Mladen Adamovic. Mladen was a software engineer in Google Inc., Dublin, Ireland between Feb 2007 and Feb 2009. Before joining Google he spent three years teaching and researching at University of Banja Luka, Bosnia and Herzegovina. He obtained M.Sc. Electrical Engineering from University of Banja Luka in 2006 and B.Sc. Math from University of Belgrade in 2003.