Jan
25
Hong Kong Scores Record in Survey of Priciest Home Markets
By-
Sydney ranked second priciest, followed by Vancouver
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Survey measures median housing price divided by average income
Hong Kong has set a record that the city’s government is unlikely to brag about: The world’s most unaffordable housing ever measured in the 11 years that Demographia has been conducting global surveys.
Hong Kong ranked as the most expensive housing market among 87 major metropolitan regions, according to the annual Demographia International Housing Affordability Survey, which used data from the third quarter of 2015. The median home in Hong Kong costs 19 times the median annual pretax household income, the highest multiple Demographia has measured, and up from 17 in last year’s report, according to the company’s website…
Hong Kong Scores Record in Survey of Priciest Home Markets
