Beyond Borders: Property Markets in Athens vs. Manama
Navigating the Contrasts: Property Markets in Athens vs. Manama
In this comparative analysis, we delve into the property markets of Athens and Manama, shedding light on the notable disparities and dynamics that shape property prices and affordability in these two vibrant cities.
By examining key indicators such as price-to-income ratios, mortgage affordability, rental yields, and apartment prices, we gain valuable insights into the contrasting housing landscapes. The data reveals intriguing differences between Athens and Manama, showcasing variations in price-to-income ratios, mortgage burdens, loan affordability, price-to-rent ratios, rental yields, and apartment prices. This analysis equips individuals with crucial information to comprehend the housing options and investment potential in Athens and Manama, empowering them to make informed decisions aligned with their affordability and investment objectives.
The data comparison between Athens and Manama highlights significant disparities in property prices and affordability. Athens exhibits a higher price-to-income ratio of 14.95, indicating relatively higher property prices in relation to income levels compared to Manama’s ratio of 4.49. Moreover, mortgage burdens in Athens are notably higher, with mortgage as a percentage of income at 113.98%, while Manama’s figure stands at 44.85%. This suggests that accessing mortgage financing in Athens may be more challenging due to the higher proportion of income required for mortgage payments. Additionally, the loan affordability index in Athens is lower at 0.88, indicating lower affordability of loans compared to Manama’s index of 2.23.
When examining rental yields, Manama outperforms Athens in both the city center and outside of the center. Manama boasts higher gross rental yields, with a rental yield of 8.39% in the city center, surpassing Athens’ figure of 4.35%. Similarly, outside of the city center, Manama showcases a gross rental yield of 9.33%, while Athens stands at 3.93%. These figures suggest that real estate investors may find better rental returns in Manama’s property market.
Furthermore, the data reveals differences in apartment prices. For instance, a one-bedroom apartment in the city center of Athens costs 585.83 € per month, while in Manama, it is slightly higher at 774.67 €, representing a difference of 32.2%. Similarly, apartment prices for three-bedroom units in both the city center and outside of the center are considerably higher in Manama compared to Athens, indicating potentially higher housing costs in Manama.
In conclusion, this comparative analysis highlights the distinct property market dynamics between Athens and Manama. Factors such as price-to-income ratios, mortgage affordability, rental yields, and apartment prices paint a nuanced picture of the housing landscapes in these two cities. Individuals seeking to navigate the property market or make investment decisions can leverage this information to align their goals and preferences with the most suitable housing options in Athens or Manama.
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Beyond Borders: Property Markets in Athens vs. Manama
Navigating the Contrasts: Property Markets in Athens vs. Manama
In this comparative analysis, we delve into the property markets of Athens and Manama, shedding light on the notable disparities and dynamics that shape property prices and affordability in these two vibrant cities.
By examining key indicators such as price-to-income ratios, mortgage affordability, rental yields, and apartment prices, we gain valuable insights into the contrasting housing landscapes. The data reveals intriguing differences between Athens and Manama, showcasing variations in price-to-income ratios, mortgage burdens, loan affordability, price-to-rent ratios, rental yields, and apartment prices. This analysis equips individuals with crucial information to comprehend the housing options and investment potential in Athens and Manama, empowering them to make informed decisions aligned with their affordability and investment objectives.
The data comparison between Athens and Manama highlights significant disparities in property prices and affordability. Athens exhibits a higher price-to-income ratio of 14.95, indicating relatively higher property prices in relation to income levels compared to Manama’s ratio of 4.49. Moreover, mortgage burdens in Athens are notably higher, with mortgage as a percentage of income at 113.98%, while Manama’s figure stands at 44.85%. This suggests that accessing mortgage financing in Athens may be more challenging due to the higher proportion of income required for mortgage payments. Additionally, the loan affordability index in Athens is lower at 0.88, indicating lower affordability of loans compared to Manama’s index of 2.23.
When examining rental yields, Manama outperforms Athens in both the city center and outside of the center. Manama boasts higher gross rental yields, with a rental yield of 8.39% in the city center, surpassing Athens’ figure of 4.35%. Similarly, outside of the city center, Manama showcases a gross rental yield of 9.33%, while Athens stands at 3.93%. These figures suggest that real estate investors may find better rental returns in Manama’s property market.
Furthermore, the data reveals differences in apartment prices. For instance, a one-bedroom apartment in the city center of Athens costs 585.83 € per month, while in Manama, it is slightly higher at 774.67 €, representing a difference of 32.2%. Similarly, apartment prices for three-bedroom units in both the city center and outside of the center are considerably higher in Manama compared to Athens, indicating potentially higher housing costs in Manama.
In conclusion, this comparative analysis highlights the distinct property market dynamics between Athens and Manama. Factors such as price-to-income ratios, mortgage affordability, rental yields, and apartment prices paint a nuanced picture of the housing landscapes in these two cities. Individuals seeking to navigate the property market or make investment decisions can leverage this information to align their goals and preferences with the most suitable housing options in Athens or Manama.
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