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Beijing property the most expensive

By Xu Fan | China Daily | Updated: 2009-11-18 07:53

Beijing property the most expensive

It is more expensive to buy an apartment in Beijing than in 35 other cities in China, and several family members often contribute to the cost of property in the capital, new data shows.

The latest Chinese Academy of Social Sciences housing development report found Beijing's housing affordability rated at 0.34, the lowest score among the 35 cities, while the average score was 0.8.

The report showed families in the capital pay far more than 25 percent of their household income per month to service housing loans.

Beijing property the most expensive

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