Hong Kong Homes Remain World’s Least Affordable for 10th Year
- Sky-high housing prices are major source of city’s inequality
- Vancouver holds on to No.2 spot, London rounds out top 10
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Hong Kong has racked up a 10th year as the world’s least-affordable housing market, highlighting the inequality that has helped fuel months of protests.
The city topped Vancouver and Sydney as the most unaffordable housing market in 2019, according to a report Monday by urban planning policy consultancy Demographia. Hong Kong’s median property price declined slightly to 20.8 times median household income last year, compared to 20.9 times the year before.