Hong Kong has the least affordable housing among global financial centres featured in a study by UBS, and is at risk of a bubble, despite prices dipping slightly since last year.
The city’s residential property has the highest price-to-income among the 18 financial hubs surveyed in the annual UBS Global Real Estate Bubble Index, with a score of 18.5, well ahead of places such as London, Paris, Singapore, and New York.
According to the survey’s methodology, that means a skilled…
Source : South China Morning Post
Read more…Hong Kong has least affordable housing, remains at risk of bubble, says UBS















