Hong Kong retains title as world's most expensive housing market

Hong Kong has once again been identified as the world's most expensive residential property market, according to a report by Deutsche Bank. Despite a 10% drop in property prices since before the pandemic, the city maintains its top position due to stagnant wages and extreme wealth disparity. It now takes an average household 14.1 years of income to afford a median-priced home, contributing to a low birth rate as housing costs limit living space and family planning. AI

RANK_REASON The item is an opinion piece discussing housing affordability and its societal impacts, rather than a direct announcement or release.

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• Alice Wu
• Demographia International Housing Affordability Survey
• Deutsche Bank
• Hong Kong
• John Lee
• University of California, Los Angeles

• other

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