In Spain, earning a good salary does not necessarily make it easy to buy a home. An analysis by iAhorro reveals wide disparities between regions: while salaries vary by around €10,000 a year across Spain, the price of a 90-square-metre home can differ by almost €383,000.
The biggest hurdle is the money that has to be saved before applying for a mortgage. To buy a 90-square-metre home, the buyer has to put down around 30% of the price to cover the deposit and other costs. In the Balearic Islands, that comes to about €144,000, compared with €29,000 in Extremadura and €30,000 in Castile-La Mancha.
