What’s a reasonable range to spend on purchasing a home for a single ERE person?

[vexed87]

Probably because house prices are far higher in the UK on account of higher population density and massively skewed distribution of land ownership (I hear only Brazil outpaces us globally). Estate agents can operate on smaller percentages of sale value here. This also explains the recent shift of business model to fixed fee agents, e.g. purple bricks.

[Stahlmann]

...

The fault was in structure of international trade. Prebisch thought that the increase in labor productivity was higher in industry than in the extraction of raw materials, especially in agricultural production. This difference, however, did not lead, according to him, to the decline in the prices of industrial products, as would be expected by the supporters of classical economics. Because employees and entrepreneurs in industrial countries had an actual monopoly on new technologies, they could also limit the rate of their dissemination. In this way, they prevented the reduction of prices of industrial products, they protected their profits and their standard of living. Workers and entrepreneurs from peripheral countries did not have such a possibility; they had to sell their products at such prices as the center dictated to them thanks to the technological monopoly. The more they produced tobacco, coffee, sugar, rubber, oil, gold or diamonds, the more their price dropped in the global market [this probably can be extrapolated to human capital nowadays]. Prebisch had fresh substantive arguments in favor of his theory - the first complete statistical data collected by the United Nations on the prices of agricultural products and raw materials since 1860; indeed, as production increased, prices were falling. He also had solid historical arguments: two great industrial powers - the United States and Germany - during the period of intense industrialization at the end of the 19th century, they protected their markets very much. The political message of his theory was unequivocal: it is unthinkable to develop [country with high level of living] without building own industry, but [given country] needs to create the right conditions for growth, protecting his own market against the inflow of imported goods.

[lillo9546]

How would be possible to apply this concept to Italy?