When it comes to housing prices in hong kong, many people are frustrated. Indeed, hong kong has the highest housing prices worldwide。
According to the global housing price affordability survey 2018, published on monday (22) by the united states urban planning advisory body, hong kong, china, became the world's most expensive city for the eighth consecutive survey of a total of 92 cities in nine “major real estate markets” worldwide。
Housing affordability measures the proportion of housing prices to household income, an indicator widely used by the world bank, the united nations and others to assess the real estate market. The united nations has stated: “if there is an indicator that best conveys the overall performance of the real estate market, it is the house price-income ratio”. Demographia's report calculates the “middle-income housing price burden” of the target city in the third quarter of 2017, i. E. The median housing price as a ratio to the median annual household income before the tax。
According to the survey, the data for hong kong, china, in the third quarter of 2017 were 19. 4, up from 18. 1 in 2016. The report also refers to the chinese university of hong kong's quality of life index, which, by analogy, calculates a 39. 9 square metre apartment, with hong kong's income ratio rising from 4. 6 in 2002 to 15. 7 in 2015. Hong kong is also classified as the seventh largest housing bubble market in the world。
Of the ranks reported by demographia, sydney, australia (12. 9 per cent) ranks second in hong kong and vancouver, canada (12. 6 per cent). The fourth to tenth are san josé (10. 3) in california, australia (9. 9), los angeles (9. 4), honolulu (9. 2), san francisco (9. 1), auckland (8. 8) in new zealand and london (8. 5). In the survey, the 10 cities where residents are most vulnerable to house prices are in the united states。
The 10 cities where global housing prices were the hardest to afford in 2017. Source: global housing price affordability survey 2018
The survey covered nine countries — the united states, japan, australia, new zealand, the united kingdom, singapore, ireland, canada and china. Only one city in hong kong was included in the survey。
Regionally, for the fifth consecutive year, the united states has taken the title “major real estate market with the most affordable housing prices”, with a home price income ratio of 3. 8, and japan with only 4. 2. Four countries are in the middle: canada (4. 3), the united kingdom (4. 5), singapore (4. 8), ireland (4. 8) and hong kong, china, new zealand (8. 8), and australia (6. 6), while their housing prices are “seriously unaffordable”。
