National Bank calculated how many years an average family needs to save money to buy housing

AKIPRESS.COM - As of June 30, 2020, the level of housing affordability in Kyrgyzstan decreased from 6.2 to 5.9 years yoy, according to the National Bank report on the stability of the financial sector in the first half of 2020.
The report was released in December 2020.
In order to purchase a 54-square-meter apartment in the Kyrgyz Republic, it was necessary to save money for 5.9 years for a family with income of two people with average salaries.
A family of 3 with a minimum consumer budget of 16,515 soms (42% of total family income) would need 10.9 years to purchase a home as of the first half of 2020.