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The Places Where It’s Hardest to Afford a Home

This is a syndicated repost courtesy of Statista | Infographics. To view original, click here. Reposted with permission.

Big cities like London or San Francisco are well-known for their expensive real estate markets. But there are also a lot of housing markets you wouldn’t necessarily expect among the least affordable – that includes several in Australia, New Zealand and Canada.

According to the 2021 International Housing Affordability Survey by Demographia, three out of the 10 least affordable housing markets are in Australia and New Zealand and three more are located in the United States. The least affordable housing market is Hong Kong. Here, the median house price is almost 21 times as high as the median annual gross household income. After Hong Kong, New Zealand and Australia were the least affordable countries in the study which looked at the U.S., Canada, the UK, Hong Kong, Singapore, Australia, New Zealand and Ireland.

This chart shows the places where it’s hardest to afford a home (2021).

Places where it's hardest to afford a home

Wall Street Examiner Disclosure: Lee Adler, The Wall Street Examiner reposts third party content with the permission of the publisher. The opinions expressed in these reposts are not those of the Wall Street Examiner or Lee Adler, unless authored by me, under my byline. I curate posts here on the basis of whether they represent an interesting and logical point of view, that may or may not agree with my own views. Some of the content includes the original publisher's promotional messages. No endorsement of such content is either expressed or implied by posting the content. All items published here are matters of information and opinion, and are neither intended as, nor should you construe it as, individual investment advice. Do your own due diligence when considering the offerings of information providers, or considering any investment.

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