Reported 8 months ago
A report on 'Demographic International Housing Affordability' has revealed the top 10 most unaffordable cities to buy houses, with the 1st place located in an Asian region and several cities in the United States making the list as well. Hong Kong, known for its extremely high property prices and small living spaces, topped the ranking. The study factored in the ratio of home prices to local income levels to assess housing affordability, concluding that Hong Kong has the lowest home ownership rate among all cities surveyed, at just 51%.
Source: YAHOO