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The top 10 hardest countries to get on the property ladder

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04/12/2020
The UK doesn't even make the top five most difficult countries to buy your first home
The top 10 hardest countries to get on the property ladder

Switzerland is the most difficult country to get on the ladder, with first-time buyers on average 48 years old before they can buy their first home, according to money.co.uk.

That’s not surprising when you learn the average property price in the country is a whopping £501,000.

The price comparison site conducted a global study to reveal the countries where it’s the toughest for first-time buyers to purchase a property.

It considered the average age of first-time buyers, average property prices, as well as the typical first-time buyer budget and shortfall.

The UK comes sixth in the list of hardest countries to get on the ladder, with an average first-time buyer age of 34 and an average property price of £254,000.

The rest of the top 10 are below:

Top 10 hardest countries to get on the property ladder

Country          Average age of FTB Average Property Price
1 Switzerland    48                 £501,000.00
2 China          29.5               £309,000.00
3 Japan          41                 £391,000.00
4 France         31                 £319,000.00
5 Kenya          35                 £179,000.00
6 UK             34                 £254,000.00
7 Finland        28.8               £241,000.00
8 Czech Republic 41.5               £182,000.00
9 New Zealand    35                 £218,000.00
10 Germany       34                 £247,000.00

At the other end of the scale, Belgium and Iceland have the youngest demographic of first-time buyers, with an average age of 27 years old.

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