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Spain, the second best country in the world for first time buyers?

Spain has been ranked the second-best country in the world for first-time buyers.

The UK relocation service MoveHub analysed 33 countries, comparing property prices for 2016 with average salaries in order to determine the best countries for first-time buyers.

The United Arab Emirates topped the list thanks to an almost 8% drop in property prices last year.

Spain had a 2.2% increase in salaries against a 5.75% drop in property prices, putting in second place, With Greece in third, followed by Singapore and Switzerland.

“Countries with the highest salary growth enjoyed more affordable property prices or even prices in decline, making them the best places for first-time buyers,” said MoveHub in a statement.
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