For 13 consecutive years, Hong Kong has topped the list of the most unaffordable cities in the world.

(Bloomberg)

[Financial Channel/Comprehensive Report] According to the latest housing affordability report released by the public policy consultancy Demographia, Hong Kong has been ranked first in the world's most unaffordable housing prices for 13 consecutive years. The data shows that a Hong Kong family must not eat or drink for 18 years to survive. Opportunity to own property locally.

"Hong Kong 01" reported that this survey divided the median house price by the median annual household income in 94 major cities in Australia, Canada, China, Ireland, New Zealand, Singapore, the United Kingdom and the United States. Calculation, the larger the value, the harder the housing pressure is to bear.

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The report shows that Hong Kong’s housing price ratio is 18.8%, which is not a small gap with Sydney, Australia, which ranks 93rd at 13.3%. As for the most affordable city in the survey, Pittsburgh in the United States is at 3.1%.

However, due to the impact of the epidemic and interest rate hikes, Hong Kong’s housing market fell by more than 15% last year, ending a 13-year upward trend. The pressure is still greater than other cities.

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