Brexit Perk: Leaving London and Paying Less for Housing in Europe

Property costs are as much as 60 percent lower in other capitals

Bankers and others who must relocate because of Brexit may miss London, but not its property costs. If purchasers allocated half their after-tax income to housing, they’d need minimum take-home pay of $11,764 a month to buy in central London, assuming they put 20 percent down and have a 30-year fixed-rate loan, according to the Bloomberg Global City Housing Affordability Index. In Paris, a little more than half of that is needed, and in Frankfurt it’s even less -- a potential perk for thousands of finance workers moving to other parts of Europe.

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