Romania has the largest gap between wages and house prices in Europe

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The price of real estate advanced in Romania faster than the wages, compared to Europe, reveals a survey of UniCredit Tiriac sent to Rompres.
 
The survey calculated for Romania the most unfavorable index of population’s accessibility to a house, among the European states in question, over 2003-2007.
 
The accessibility index is calculated as ratio between the house price, expressed in euro per square metre, and the gross average salary. Romania received mark 7, which means that the prices of real estate advanced 7 times faster than wages.
 
The countries where the balance between the price of houses and wages maintained, according to the survey, were Austria (0.5), the most stable, according to the accessibility index, and Finland (0.6).
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