Hong Kong Maintains Lead as Most Unaffordable Housing Market
Friday, 14 June 2024, 09:01
Hong Kong Housing Market Report
The latest research by Demographia International sheds light on the ongoing crisis in the Hong Kong housing market, revealing alarming statistics that depict a challenging landscape for homebuyers and residents.
Key Points:
- The average home in Hong Kong costs as much as 16.7 years of an average family's earnings
- - This marks the 14th consecutive year that Hong Kong holds the title of the most unaffordable housing market worldwide
Such findings underscore the pressing need for policy reforms and initiatives to address the affordability crisis in Hong Kong, impacting residents' financial well-being and overall economic stability.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.