Key facts
- Affording a €1 million home in the EU requires an average gross annual income of €130,631.
- This income is over five times the average salary in ten EU countries.
- Bulgaria requires nearly eight times the average salary for a €1 million home.
- Luxembourg is the most affordable country among those analyzed for a €1 million home.
- Significant regional differences in housing affordability exist across the EU.
Affording a €1 million home within the European Union demands a substantial gross annual income of €130,631. This income threshold is more than five times the average salary in ten EU countries, underscoring significant housing affordability challenges. Bulgaria stands out as the most difficult market, where prospective buyers need nearly eight times the average national salary to purchase a €1 million property. Luxembourg, on the other hand, presents the most accessible market among the countries analyzed, indicating a closer alignment between average incomes and the cost of high-value real estate.