Helsinki demands 5th place as one of the best destinations to buy a property as a young adult

Helsinki demands 5th place as one of the best destinations to buy a property as a young adult

The study analyzes several factors, including property purchase costs, job availability, average salary, and happiness ratings, to determine the best city to buy property at a young age.

Helsinki demands 5th place as one of the best destinations when buying a property when you are young

The study found that the next 20 countries are considered the best cities to buy property as a young adult. This was based on many factors ranging from the basic cost of services of general interest to jobs per capita.

Top 10 cities to buy at a young age

Investment
I
Average monthly rental costs in the city center
Price per city for buying a two bedroom apartment (£)
Basic invoice price per month
(£)
Jobs per capita
Average salary per city per month (£)
1
Vancouver
£ 1149.94
£ 208,000
£ 47.66
77.2
£ 2567.44
2
Wellington
£ 1040.98
£ 218,000
£ 86.49
112.0
£ 2593.34
3
Belfast
£ 630.45
£ 188,000
£ 71.42
233.2
£ 1,742.43
4
Thessaloniki
£ 328.93
£ 79,000
£ 150.97
8468.4
£ 610.49
5
Helsinki
£ 849.36
£ 241,000
£ 77.64
194.6
£ 2300.25
6
Toronto
£ 1162.13
£ 208,000
£ 85.68
196.0
£ 2362.42
7
Brussels
£ 733.56
£ 152,000
£ 108.63
35.8
£ 2083.66
8
Gothenburg
£ 839.01
£ 259,000
£ 57.33
60.2
£ 2272.85
9
Osaka
£ 477.31
£ 391,000
£ 128.21
10358.1
£ 1874.57
10
Krakow
£ 498.11
£ 108,000
£ 121.72
271.3
£ 662.5

Vancouver gets first place, followed by Wellington and Belfast. Helsinki ranks as the fifth best city to buy property as a young adult. The result is mainly due to lower-than-average rental levels combined with higher-than-average wages in the city.

Finland claims to be ranked 8th in one of the cheapest cities for young adults

Affordability is another important factor to consider when making a change, especially for young adults. The study took into account the cost of renting and buying an apartment in each city, as well as the cost of basic services and the average salary in each city.

The ten most affordable cities for young adults

Investment
I
City
Average monthly cost of renting an apartment (£)
Price per city for buying a two bedroom apartment (£)
Basic invoice price per month (£)
Average salary per city per month (£)
1
Ireland
Belfast
£ 630.45
£ 188,000
£ 71.42
1,742.43
2
Canada
Vancouver
£ 1149.94
£ 208,000
£ 47.66
2567,44
3
Swedish
Gothenburg
£ 839.01
£ 259,000
£ 57.33
2272.85
4
China
Shanghai
£ 892.14
£ 124,000
£ 42.42
1,143.52
5
New Zealand
Wellington
£ 1040.98
£ 218,000
£ 86.49
2,593.34
6
Belgium
Brussels
£ 733.56
£ 152,000
£ 108.63
2,083.66
7
Iceland
Reykjavik
£ 1124.31
£ 210,000
£ 72.23
2,198,52
8
Finland
Helsinki
£ 849.36
£ 241,000
£ 77.64
2300.25
9
Swedish
Stockholm
£ 1097.63
£ 259,000
£ 64.97
2,349.18
10
Greece
Athens
£ 344.76
£ 79,000
£ 122.1
719.35

Helsinki ranks 8th as one of the most affordable cities for young people. Low rental levels, lower utilities and higher-than-average wages in the region make Helsinki an excellent location for young couples looking to change on a budget.

Helsinki claims to be the happiest country in the world in the first place

Once happiness has been moved to another location, it is good to consider the decision. Taking the happiness of the people into account can be a useful tool in assessing city satisfaction.

The ten happiest cities in the world

Investment
I
City
Score
1
Finland
Helsinki
7.8
2
New Zealand
Wellington
7.6
3
Denmark
Aarhus
7.5
4
Denmark
Copenhagen
7.5
5
Norway
Oslo
7.5
6
Norway
Bergen
7.5
7
Netherlands
Amsterdam
7.5
8
Swedish
Stockholm
7.4
9
Swedish
Gothenburg
7.4
10
Iceland
Reykjavik
7.4

Helsinki was ranked as a happy city with a score of 7.8, which shows that Finland is the primary place for young adults who place happiness in their new location. Wellington took second place with a score of 7.6, followed by Aarhus with a score of 7.5. Some of the most unfortunate cities were Beijing, Shanghai and Thessaloniki.

Source: CIA landlord

Source: The Nordic Page

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