Price/Rent Ratio in Azerbaijan compared to Asia
This price-to-rent ratio helps assess whether it is more cost-effective to buy or rent a home in a given market. A high price-to-rent ratio suggests that buying a property is more expensive relative to renting, whereas a low ratio indicates that buying may be more favorable than renting.
- Price-to-Rent Ratio below 16: It's generally cheaper to buy a home than to rent.
- Price-to-Rent Ratio between 17 and 20: The cost of buying and renting is roughly comparable.
- Price-to-Rent Ratio above 21: It's generally cheaper to rent than to buy.
Last updated December, 2024
Taiwan, Taipei | 47 yrs |
China, Beijing | 38 yrs |
Hong Kong | 28 yrs |
Vietnam, Hanoi | 26 yrs |
South Korea, Seoul | 23 yrs |
Japan, Tokyo | 23 yrs |
Singapore | 23 yrs |
India, Mumbai | 20 yrs |
Malaysia, Kuala Lumpur | 19 yrs |
Philippines, Manila | 19 yrs |
Indonesia, Jakarta | 18 yrs |
Thailand, Bangkok | 16 yrs |
Georgia, Tbilisi | 13 yrs |