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The city of Lisbon has already overtaken Berlin in the price of houses. To live in the Portuguese capital, a family will have to pay on average 1059 euros per month; already to live in the German congener will have to spend nearly 996 euros . In the list of 77 cities evaluated, Lisbon is in 38th place, while Berlin is just behind, the 39th. Looking here aside, Madrid appears a few positions above, in 35th place.
In order to estimate the cost of houses, UBS examined the price of three different types of apartments, T2 and T3, with and without the city of Barcelona in the first 30 of a list led by Hong Kong and New York. furniture. For the estimate were included the expenses of water, electricity and gas and excluded expenses with garage.
To compare the price of a house, one must look at the cost of living and wages in the various cities analyzed. UBS compares the purchasing power of all 77 cities through wage indices in which New York takes the value 100. Taking the previous examples, Berlin has a net annual salary corresponding to 91.6 points and Lisbon at 44.5 In other words, if we convert these amounts into euros, this would be tantamount to saying that in Lisbon, a worker receives on average the equivalent of 44.5 euros for the same amount. a New Yorker and a Berlin worker equals 91.6 euros. A difference of 47 euros puts Berlin in 15th place, far from Lisbon, which appears the 48th. In the middle of the two cities is the Spanish capital in position 36.
Double working to buy a hamburger
Another way to evaluate the power of buying in different cities can be made by comparing prices or the number of hours or minutes needed to buy a property. UBS has chosen to compare an identical food product worldwide: the Big Mac. To buy this hamburger in Lisbon, one would have to work more than half an hour (36.3 minutes), double the time spent in Berlin (18.4 minutes) . Already in Madrid it will take about 28 minutes to buy the same hamburger.
The Portuguese are known to love coffee. This is perhaps why Lisbon is one of the cities with the cheapest bill. According to data collected by the Swiss investment bank, we can drink coffee for 65 cents. It is the second city, among the 77, with the lowest price. Better yet, just in Nigeria, where you can drink coffee for 53 cents. Opposite the list is Doha, the capital of Qatar, where a coffee can cost a small fortune of € 5.50, equivalent to a lunch in Portugal. The price of coffee in Copenhagen, Denmark, which costs on average 5.36 euros, is not so far from this value
Taking a break in Lisbon
Despite the explosion of tourism in Portugal, Lisbon continues to be very competitive for the small weekend holidays. According to the analysis of UBS, the Portuguese capital has lower average prices than their European counterparts. A short break can cost a little over 400 euros, cheaper than Berlin (527 euros) and less than 600 euros requested in Madrid. But if you make a getaway you can take it into account, the same can not be said of home appliance purchases. The list is headed by New York, where a break in the city may exceed 900 euros. According to the UBS ranking Lisbon is the sixth city with the highest prices. In the basket, the investment bank has placed high-end products: a 40-inch 4-inch TV, a digital camera, a personal computer, a laptop and an unlocked iPhone X 64 GB. All for the price of 4500 euros. If you have availability, it is best to go to Madrid where you can save around 600 euros and enjoy a short break.
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