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22

Hong Kong Tops Survey of World’s Least Affordable Home Market

By Tony Seruga

Home in Hong Kong costs 18.1 times median pretax income
Prices hovering 2.6 percent below September 2015 record

Hong Kong retained its rank as the most expensive housing market among 406 major metropolitan regions in the annual Demographia International Housing Affordability Survey for the seventh year in a row.

The median price of a home in Hong Kong last year was 18.1 times the median annual pretax household income, the survey showed. That’s a modest improvement in affordability compared with last year’s 19 times, which was the highest multiple in the 12 years Demographia has been conducting its research…

Hong Kong Tops Survey of World’s Least Affordable Home Market

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