Hong Kong Housing Is World's Least Affordable for 9th Year
- Vancouver displaces Sydney at No. 2; London rounds out top 10
- Affordability may improve as global housing markets cool
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Hong Kong has been ranked the world’s least-affordable housing market for a ninth straight year.
Not only did it retain the notorious title, homes in the city got further out of reach for most residents, according to Demographia, an urban planning policy consultancy. The city’s median property price climbed to 20.9 times median household income in 2018, up from 19.4 times a year earlier.