Hong Kong has the world's to the lowest degree affordable housing, according to an international survey, a finding that is certain to stoke anger amid many residents already fed upward alongside runaway belongings prices.
Buying a dwelling inward the Asian fiscal hub, synonymous alongside its super-rich tycoons together with glittering fiscal district, costs to a greater extent than than xi times the city's average salary, outpacing London, New York together with other major cities, US-based consulting theater Demographia said inward a study released Monday.
Sydney was ranked the second-least affordable major city, followed past times Vancouver, together with Melbourne.
The seventh Annual International Housing Affordability Survey compared dwelling prices together with identify income inward 325 cities inward Australia, Canada, Hong Kong, Ireland, New Zealand, U.K. together with the United States.
It was the starting fourth dimension time Hong Kong has been included inward the survey.Hong Kong's median dwelling prices inward the 3rd quarter of 2010 averaged HK$2.58 i K 1000 ($330,939), nearly 11.4 times the median identify annual income of HK$225,400.
The most affordable homes inward the survey were all inward the US together with Canada, alongside Saginaw inward the US dry reason of Michigan existence the most affordable city, where the median theater toll was $61,400.
Atlanta was the most affordable major city, where the median theater toll was $129,400.Rising belongings prices induce got larn a major concern for Hong Kong's population of vii million.
Worries nearly a belongings bubble induce got prompted Hong Kong's regime to denote a serial of cooling measures, including boosting dry reason render together with novel postage duties to maintain out hot money.
Home prices inward Hong Kong induce got risen fifty per centum over the past times 2 years, due to depression involvement rates, a robust economic scheme together with an influx of buyers from mainland China, who describe of piece of occupation concern human relationship for a big constituent of purchases, peculiarly for luxury homes.
Buggle Lau, principal analyst at Hong Kong belongings broker Midland Holdings, said he expected dwelling prices to maintain to surge inward 2011, only he questioned the Demographia survey's methodology.
"The survey does non induce got into describe of piece of occupation concern human relationship to a greater extent than affordable housing inward Hong Kong, similar regime housing," he said.
By AFP
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Buying a dwelling inward the Asian fiscal hub, synonymous alongside its super-rich tycoons together with glittering fiscal district, costs to a greater extent than than xi times the city's average salary, outpacing London, New York together with other major cities, US-based consulting theater Demographia said inward a study released Monday.
Sydney was ranked the second-least affordable major city, followed past times Vancouver, together with Melbourne.
The seventh Annual International Housing Affordability Survey compared dwelling prices together with identify income inward 325 cities inward Australia, Canada, Hong Kong, Ireland, New Zealand, U.K. together with the United States.
It was the starting fourth dimension time Hong Kong has been included inward the survey.Hong Kong's median dwelling prices inward the 3rd quarter of 2010 averaged HK$2.58 i K 1000 ($330,939), nearly 11.4 times the median identify annual income of HK$225,400.
The most affordable homes inward the survey were all inward the US together with Canada, alongside Saginaw inward the US dry reason of Michigan existence the most affordable city, where the median theater toll was $61,400.
Atlanta was the most affordable major city, where the median theater toll was $129,400.Rising belongings prices induce got larn a major concern for Hong Kong's population of vii million.
Worries nearly a belongings bubble induce got prompted Hong Kong's regime to denote a serial of cooling measures, including boosting dry reason render together with novel postage duties to maintain out hot money.
Home prices inward Hong Kong induce got risen fifty per centum over the past times 2 years, due to depression involvement rates, a robust economic scheme together with an influx of buyers from mainland China, who describe of piece of occupation concern human relationship for a big constituent of purchases, peculiarly for luxury homes.
Buggle Lau, principal analyst at Hong Kong belongings broker Midland Holdings, said he expected dwelling prices to maintain to surge inward 2011, only he questioned the Demographia survey's methodology.
"The survey does non induce got into describe of piece of occupation concern human relationship to a greater extent than affordable housing inward Hong Kong, similar regime housing," he said.
By AFP