USEUROPEAFRICAASIA 中文双语Français
Business
Home / Business / 2017 Top 10

Top 10 cities with least-affordable housing

By Yu Xiaoming | chinadaily.com.cn | Updated: 2017-11-21 10:00

Of the top 20 cities with least-affordable housing relative to income, seven are in Asia and six are in Latin America, according to the Bloomberg Global Housing Affordability Index.

The Venezuelan capital, Caracas, tops the list. In a city where the average monthly pay packet is just $31, it costs $416 to rent a three-bedroom property, while mortgage payments on a 93 square-meter residence average out at $1,971 per month.

The Bloomberg index calculates the affordability of renting or buying in 105 global and regional financial centers. Rankings are based on self-reported data, including net salary and mortgage interest rates.

Let's take a look at the top 10 cities with least-affordable housing in the world.

No 10 Shanghai

A night view of the Bund with the Oriental Pearl TV Tower and other skyscrapers in Pudong, Shanghai, Jan 22, 2017. [Photo/IC]
1 2 3 4 5 6 7 8 9 10 Next   >>|
Top
BACK TO THE TOP
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US