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Hong Kong Takes Title for Least Affordable Housing for 8th Year

  • City takes top spot in annual Demographia affordability survey
  • Study looks at 293 metropolitan markets in nine countries
Residential and commercial buildings stand in the Mid-levels area of Hong Kong, China, on Saturday, May 4, 2013.

Photographer: Lam Yik Fei/Bloomberg

Hong Kong was named the least affordable housing market for the eighth year in a study that put Sydney in the No. 2 slot and Vancouver as No. 3.

The median price of a home in Hong Kong is 19.4 times the median annual pre-tax household income, up from 18.1 times in the previous study by Demographia, an urban planning policy consultancy.