Property News · January 23, 2017

Hong Kong the world’s priciest home market for the seventh year


Hong Kong kept its ranking as the world’s least affordable urban centre to buy a home for the seventh year running, in a survey that’s likely to throw a perennial problem back into focus during an election year for the city’s chief executive.
The city’s apartments cost 18.1 times gross annual median income in the third quarter of 2016, according to the Demographia International Housing Affordability Survey’s study of 406 cities around the world. That’s a…

Source : South China Morning Post
Read more…Hong Kong the world’s priciest home market for the seventh year

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