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CNBC
3 days ago
- Business
- CNBC
Here's how much it costs to rent a 1-bedroom unit across 10 major cities in Asia in 2025
Finding the right place to rent or buy can feel daunting for first-timers or even repeat real estate investors, considering the impact it can have on your wallet. This is especially true in big metropolitan areas, where property prices tend to be on the higher side. Besides the popular "30% rule" which suggests that renters should spend no more than 30% of their before-tax income on housing, another common strategy is the "3x annual income" rule — home-buyers should cap their total mortgage at three times their annual household income. Based on 2025 data from local property portals and government websites in each country, researchers at the Global Property Guide compiled a list of median rental and purchase prices of homes across several major cities in Asia. The numbers listed below, updated in August, are based on the median monthly asking price to rent and buy a one-bedroom residential dwelling within each respective city in 2025, according to Global Property Guide: Median monthly asking price to rent a 1-bedroom: $275 Median asking price to buy a 1-bedroom: $106,000 Median monthly asking price to rent a 1-bedroom: $387 Median asking price to buy a 1-bedroom: $122,000 Median monthly asking price to rent a 1-bedroom: $400 Median asking price to buy a 1-bedroom: $46,000 Median monthly asking price to rent a 1-bedroom: $550 Median asking price to buy a 1-bedroom: $100,000 Median monthly asking price to rent a 1-bedroom: $562 Median asking price to buy a 1-bedroom: $151,000 Median monthly asking price to rent a 1-bedroom: $700 Median asking price to buy a 1-bedroom: $279,000 Median monthly asking price to rent a 1-bedroom: $722 Median asking price to buy a 1-bedroom: $120,000 Median monthly asking price to rent a 1-bedroom: $973 Median asking price to buy a 1-bedroom: $641,000 Median monthly asking price to rent a 1-bedroom: $2,421 Median asking price to buy a 1-bedroom: $968,200 Median monthly asking price to rent a 1-bedroom: $2,740 Median asking price to buy a 1-bedroom: $900,000 During the apartment hunt, there are a few strategies that prospective renters can use to negotiate the price. One of the best things to do is to arm yourself with research, experts say. For example, you can compare the listing prices of similar units in your neighborhood. In addition, you can try to negotiate any additional fees or ask for the place to be furnished when you move in. Another strategy that is often forgotten, is that people can still negotiate their monthly rent even if they've already been living in the apartment. In a CNBC Make It video, author and television host Ramit Sethi suggested that renters can approach their landlords and say: "Based on the data, it appears that apartments in this neighborhood are trending down by X%... I've been a good tenant, I've been here for X years. I plan to be here for many years more. I never cause unnecessary problems or damage. I'd like to negotiate for a lower rent, here's what I propose." While a landlord may still say "no," renters can end up saving thousands a year if they are able to successfully negotiate a new deal, added Sethi.
India Today
21-07-2025
- Business
- India Today
Affordable homes are vanishing. Can you still get a 2BHK for Rs 1 crore?
Home prices in India's biggest cities have shot up sharply, and many aspiring homeowners are wondering whether buying a 2BHK flat under Rs 1 crore is still estate prices across major metros have surged due to strong demand, high construction costs, and a steady flow of luxury housing despite these challenges, there are still some pockets in both Tier-1 and Tier-2 cities where a 2BHK under Rs 1 crore is within SALES SLOW DOWN AS PRICES JUMPAccording to Anarock, housing sales in India's top seven cities dropped by 28% in the first quarter of 2025 compared to the same period last year. About 93,280 homes were sold in Q1 2025, down from 130,170 a year earlier. This fall comes amid rising prices and global uncertainties that have slowed the market's earlier strong price rise has been steep. Anarock data shows that average residential prices in the top seven cities increased by 10% to 34% in Q1 2025, mainly due to high demand and new launches in the premium segment. NCR and Bengaluru saw the biggest price jumps—more than 34% and 20%, respectively.A separate report by CREDAI, Colliers, and Lises Foras said that during the October–December quarter of 2024, housing prices rose by an average of 10% across eight major cities. Delhi-NCR alone recorded a 31% rise during this NCR, MMR, BENGALURU SEE BIGGEST PRICE SURGESPropTiger data for Q4 2024 shows Delhi NCR with an average price of Rs 8,105 per sq ft, up 49% from a year remains the most expensive market at Rs 12,600 per sq ft, up 18% year-on-year. Bengaluru's average price stands at Rs 7,536 per sq ft, rising 12% over the same period. (Source: PropTiger Research/Global Property Guide) advertisementHOW FAR CAN RS 1 CRORE STRETCH IN 2025?Santhosh Kumar, Vice Chairman of ANAROCK Group, said that finding a 2BHK for under Rs 1 crore in prime city locations is nearly impossible. However, buyers can still get decent homes in the peripheral or emerging parts of Tier-1 cities. He mentioned the below locations where people could find 2BHK homes under Rs 1 Bengaluru, buyers can look at Devanahalli, Bagalur, or Electronic City, where smaller developers still offer budget-friendly options. In Hyderabad, Narsingi and Kokapet are among the few remaining areas where Rs 1 crore can fetch a compact offers possibilities in Hinjewadi and Wagholi, and in Delhi NCR, buyers may consider Sohna, New Gurgaon, Greater Noida West, and Raj Nagar the MMR, areas like Mira Road, Naigaon, Dombivli, Panvel, and parts of Borivali are still affordable. For those considering Kolkata, options exist in New Town, Rajarhat, and EM Bypass. In Chennai, localities like OMR, Tambaram, Pallavaram, and Perambur still offer homes within Gupta, Director at RPS Group, said, 'In Tier-1 cities, good 2BHKs below Rs 1 crore are still available in upcoming corridors where infrastructure bridges the gap with distance disadvantages. In Delhi-NCR, such apartments are available in localities such as Dwarka Expressway and Noida Sector 150, though commuting times can be long.'TIER-2 CITIES OFFER SPACE, VALUE AND BETTER QUALITY OF LIFEIf buyers are willing to look beyond metros, Tier-2 cities offer better choices. Kumar said cities like Ahmedabad, Lucknow, Jaipur, and Coimbatore are emerging as attractive alternatives. These homes are not just more spacious but often located in central areas and supported by better infrastructure than many metro added, 'Tier-2 cities give you returns that are a lot better. In Indore's Vijay Nagar and Super Corridor, you can get a 1,200–1,400 sq ft 2BHK with a clubhouse. Prices in such areas have appreciated by 27% annually.'In Coimbatore, localities like Vadavalli and Saravanampatty offer proximity to IT zones, while Nagpur's Wardha Road offers premium 2BHKs starting around Rs 65 HARD HAS IT BECOME FOR FIRST-TIME BUYERS?Home prices across India's top seven cities rose 59% between 2021 and 2025, according to ANAROCK. Delhi NCR alone saw an 89% rise in the same period. This has made Rs 1 crore a tight budget in most large must weigh multiple factors, size, location, developer reputation, and commute. Those working from home or without school-going children may consider homes in far-out suburbs. But infrastructure becomes key in such cases. 'If roads or connectivity aren't developed now, there is no certainty they ever will be,' warned also pointed out that today's budget homes may have 25% smaller carpet areas, delayed infrastructure, and fewer social amenities like hospitals and schools within HAPPENING ON THE SUPPLY SIDE?As per ANAROCK, of the 1.99 lakh units launched across India's top seven cities in the first half of 2025, over 65,000 units were priced below Rs 1 crore. That's a lower share than before, but demand remains strong. Developers are still launching homes in this price bracket, especially in city the share of mid-segment homes has fallen from 36% to 32% in 2025, while luxury homes have risen to 41%, said Gupta. He added that buyers must also factor in registration charges and taxes, which can account for 5–8% of the home SHOULD BUYERS DO NOW?advertisementKumar said, 'It is unlikely that supply in this price bracket will disappear. But buyers must accept trade-offs—either on the size, the builder or the location.'If you're buying your first home, experts advise purchasing near your place of work in a Tier-1 city if possible, even if it means compromising on amenities or opting for a resale it's for investment, however, Tier-2 cities might offer better returns and lower maintenance costs. For example, Gupta noted that monthly maintenance in Nagpur is nearly 46% lower than in the challenges, 2BHK homes under Rs 1 crore are still available across India, if buyers are willing to look in the right places, explore upcoming locations, and compromise on size or brand. For some, Tier-2 cities may now offer a better blend of affordability and lifestyle than over-heated metro markets.(Disclaimer: The views, opinions, recommendations, and suggestions expressed by experts in this article are their own and do not reflect the views of the India Today Group. It is advisable to consult a financial advisor before making any actual investment.)- Ends
Zawya
21-07-2025
- Business
- Zawya
Navigating Egypt's summer house market: To rent or to own?
Egypt's real estate landscape has long been characterized by a unique blend of tradition and evolving market dynamics. Among its most distinctive segments is the summer house market, a vibrant sector deeply intertwined with the country's cultural affinity for coastal getaways and seasonal retreats. These coastal retreats are not merely vacation spots but represent a substantial investment and lifestyle choice for many Egyptians. The choice between renting and ownership is deeply personal, influenced by individual preferences for flexibility versus long-term investment. While many are drawn to ownership for its potential as a wealth-preserving asset, offering both personal use and attractive rental yields, others prefer the freedom of renting to explore new destinations annually. The Egyptian Summer House Market Landscape The Egyptian summer house market, a segment of Egypt's wider residential and vacation housing sector, has seen growth in recent years. In June 2025, prices of villas along the North Coast rose by 15.8% year-on-year (YoY), reaching an average of EGP 20,200 per square meter, according to the Global Property Guide's Egypt Residential Property Market Analysis 2025. Meanwhile, apartment prices in the same area averaged EGP 26,100 per square meter, reflecting a marginal annual decrease of 1.1%. In Ain Sokhna, average apartment prices rose by 2.4% YoY in June, reaching EGP 21,700 per square meter, while villa prices climbed by 8.8% to EGP 19,850 per square meter, the analysis showed. In this regard, Mohamed, an owner of several chalets in different summer destinations, tells Arab Finance: 'Chalet purchase prices generally start from around EGP 2 million in mid-range areas and can go up to EGP 6 or EGP 7 million in newer developments. For villas, the lowest price currently is EGP 11 million, and can go up to EGP 20 million depending on the area and number of rooms.' The vacation rentals market in Egypt is also on a strong upward trajectory. It is projected to experience a robust annual growth rate of 10.25% between 2025 and 2029, ultimately reaching a market value of $1.84 billion, according to Statista. Mohamed explains, 'Prices vary significantly depending on the summer region, distinguishing between Alexandria and its North Coast extensions, and the Red Sea coastal areas like Ain Sokhna, Hurghada, El Gouna, Ras Sudr, and others. Each of these areas offers different categories to suit all social classes.' 'However, with summer in full swing, demand is highest along the North Coast. Average villa rentals range from EGP 10,000 to EGP 15,000, depending on the property's level and location. Chalet rentals range from EGP 4,000 to EGP 6,000, also depending on location, finishing quality, appliances, and furnishings,' he adds. Dina Samir ElWakkad, an economist and instructor of economics, tells Arab Finance: 'The long-term outlook for coastal and summer-specific real estate in Egypt remains positive, albeit segmented. Areas like the North Coast, Ain Sokhna, and Red Sea cities continue to attract demand from both local and regional buyers.' 'Going forward, developers are likely to shift toward more flexible models, such as extended payment plans and rental pool systems, to adapt to changing affordability levels. Infrastructure development and government support for tourism and second-home markets will also play a key role in sustaining demand in these areas over the next five to 10 years,' as per ElWakkad. The Investment Appeal of Summer House Ownership In terms of summer houses, people's preferences vary between rental and ownership. Mohamed notes, 'Preferences vary widely. Many people favor ownership for investment and saving money, as well as for their personal use at any time throughout the year.' 'On the other hand, others prefer renting as they like to constantly experience new and different places, alternating between the North Coast, El Gouna, and other modern areas like Ras El Hekma and Sidi Abdel Rahman,' he highlights. For some, buying a summer house is sometimes driven by profits from renting their properties out to others. According to ElWakkad, 'In prime summer destinations such as the North Coast and El Gouna, gross rental yields for well-maintained and strategically located properties typically range between 6% and 9% annually.' 'However, this depends heavily on factors like seasonality, property management quality, and local demand cycles. Compared to other investment options in Egypt, such as treasury bills or gold, summer houses carry higher risks,' she explains. 'But they offer the added value through personal use, potential capital appreciation, and diversification benefits for medium- to long-term investors.' In order to ensure profit, Mohamed advises future buyers to purchase in new areas. 'They offer greater investment potential, whether now or in the future. They also provide a very enjoyable and comfortable summer retreat for both buyers and renters.' Inflation is another key factor impacting people's choices on purchasing or renting a summer house. ElWakkad explains, 'Current inflationary pressures and the significant devaluation of the Egyptian Pound have notably reshaped consumer behavior in the real estate sector.' 'For many, purchasing a summer house has become less attainable due to rising construction costs, higher mortgage rates, and reduced purchasing power,' she says. 'Consequently, renting has become a more attractive short-term option, especially for middle-income families who seek seasonal use without long-term financial commitment.' 'For those holding assets in foreign currency or inflation-hedged investment portfolios, ownership still presents a viable wealth preservation strategy,' she adds. The Egyptian summer house market presents a multifaceted decision for consumers, both owners and renters alike. Prices vary across diverse coastal regions, but recent data indicate continued growth in key areas such as the North Coast and Ain Sokhna, alongside a robust projected expansion in the vacation rentals sector. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Yahoo
04-06-2025
- Business
- Yahoo
How Far Does $1 Million Go in the World's ‘Most Relaxed' Countries?
A recent study by GroundingWell ranked countries based on how much relaxation their populations need. It measured stress and anger levels, annual working hours, paid vacation days, work-life balance and life satisfaction. The result: a relaxation need score from 0 to 100, with the lower the score, the more relaxed the country. Explore More: For You: The U.S. didn't rank well, with a relaxation need score of 78 — the third most stressed country overall. Its low work-life balance index and high stress show just how far behind it is compared to Europe's most laid-back nations. But what about money? Here's how far $1 million goes in the world's top five most relaxed countries. Relaxation need score: 1 Cost of living: $883 Median rent: $1,798 Life satisfaction index: 8.8 Denmark ranks as the most relaxed country and offers a relatively affordable cost of living compared to other top contenders. Denmark is calm, safe and structured, with total monthly costs reaching around $2,681, which puts $1 million at just over 31 years of basic living. Relaxation need score: 10 Cost of living: $805 Median rent: $2,386 Life satisfaction index: 8.7 Relaxed attitudes meet modern convenience, but the Netherlands is no budget option. Monthly living runs around $3,191, so $1 million would cover around 26 years. Excellent infrastructure, low anger levels and a healthy work-life balance help justify the cost. Consider This: Relaxation need score: 13 Cost of living: $748 Median rent: $1,954 Life satisfaction index: 8.1 Germany is another country with a sweet spot of calm culture and decent value. Monthly expenses average $2,702, giving $1 million about 30 years of coverage. With efficient public services, stable politics and strong tenant protections, it offers good long-term livability without bleeding a budget dry. Relaxation need score: 15 Cost of living: $744 Median rent: $2,690 Life satisfaction index: 8.1 France scores well for life satisfaction and work-life balance, but high rent pushes up overall expenses. With average monthly costs around $3,434, $1 million wouldn't stretch as far here — just under 24 years. Big-city living comes at a premium, though those willing to live outside major metro areas can find more breathing room for less. Relaxation need score: 16 Cost of living: $802 Median rent: $1,341 Life satisfaction index: 6.1 Finland ranks well for work-life balance but shows higher stress than others on this list. Monthly costs sit at roughly $2,143, letting $1 million last about 39 years. Strong public services, nature access and quiet cities make it a low-drama choice — at a relatively reasonable price. Compared to the U.S., the most relaxed countries combine greater wellbeing with longer financial runway. The cost of calm living varies, but the returns are measurable. Editor's note: Cost of living figures (per person, without rent) were sourced from Median rent figures (2-bed in the capital) were sourced from Global Property Guide. More From GOBankingRates These Cars May Seem Expensive, but They Rarely Need Repairs This article originally appeared on How Far Does $1 Million Go in the World's 'Most Relaxed' Countries? Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
04-06-2025
- Business
- Yahoo
How Far Does $1 Million Go in the World's ‘Most Relaxed' Countries?
A recent study by GroundingWell ranked countries based on how much relaxation their populations need. It measured stress and anger levels, annual working hours, paid vacation days, work-life balance and life satisfaction. The result: a relaxation need score from 0 to 100, with the lower the score, the more relaxed the country. Explore More: For You: The U.S. didn't rank well, with a relaxation need score of 78 — the third most stressed country overall. Its low work-life balance index and high stress show just how far behind it is compared to Europe's most laid-back nations. But what about money? Here's how far $1 million goes in the world's top five most relaxed countries. Relaxation need score: 1 Cost of living: $883 Median rent: $1,798 Life satisfaction index: 8.8 Denmark ranks as the most relaxed country and offers a relatively affordable cost of living compared to other top contenders. Denmark is calm, safe and structured, with total monthly costs reaching around $2,681, which puts $1 million at just over 31 years of basic living. Relaxation need score: 10 Cost of living: $805 Median rent: $2,386 Life satisfaction index: 8.7 Relaxed attitudes meet modern convenience, but the Netherlands is no budget option. Monthly living runs around $3,191, so $1 million would cover around 26 years. Excellent infrastructure, low anger levels and a healthy work-life balance help justify the cost. Consider This: Relaxation need score: 13 Cost of living: $748 Median rent: $1,954 Life satisfaction index: 8.1 Germany is another country with a sweet spot of calm culture and decent value. Monthly expenses average $2,702, giving $1 million about 30 years of coverage. With efficient public services, stable politics and strong tenant protections, it offers good long-term livability without bleeding a budget dry. Relaxation need score: 15 Cost of living: $744 Median rent: $2,690 Life satisfaction index: 8.1 France scores well for life satisfaction and work-life balance, but high rent pushes up overall expenses. With average monthly costs around $3,434, $1 million wouldn't stretch as far here — just under 24 years. Big-city living comes at a premium, though those willing to live outside major metro areas can find more breathing room for less. Relaxation need score: 16 Cost of living: $802 Median rent: $1,341 Life satisfaction index: 6.1 Finland ranks well for work-life balance but shows higher stress than others on this list. Monthly costs sit at roughly $2,143, letting $1 million last about 39 years. Strong public services, nature access and quiet cities make it a low-drama choice — at a relatively reasonable price. Compared to the U.S., the most relaxed countries combine greater wellbeing with longer financial runway. The cost of calm living varies, but the returns are measurable. Editor's note: Cost of living figures (per person, without rent) were sourced from Median rent figures (2-bed in the capital) were sourced from Global Property Guide. More From GOBankingRates These Cars May Seem Expensive, but They Rarely Need Repairs This article originally appeared on How Far Does $1 Million Go in the World's 'Most Relaxed' Countries? Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
