Switzerland, China and Japan: The hardest countries to get on the ladder
It’s hardest to get on the property ladder in Switzerland, where the average property price amounts to £501,000 and the typical age of a first-time buyer is 48, research from money.co.uk shows.
China is in second place, followed by Japan, France and Kenya.
The UK is the sixth hardest, where the typical age of first-time buyers is 34 and property prices average at £254,000.
First-time buyers are buying at the youngest age in Iceland (27), Belgium (27) and Finland (28.8).
Other nations where people seemingly need to save for years are the Czech Republic (41.5), Japan (41), and Spain (41).
The study analysed 25 countries: Australia, Austria, Belgium, Canada, China, Czech Republic, Denmark, Finland, France, Germany, Iceland, India, Ireland, Italy, Japan, Kenya, Mexico, New Zealand, Nigeria, Romania, South Africa, Spain, Switzerland, United Kingdom, and USA.