Top 10 'Impossibly Unaffordable' Cities
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14 June 2024
The annual Demographic International Housing Affordability report has ranked global cities based on housing affordability
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The report used median multiple, a price-to-income ratio, to rank cities
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Cities were categorized into five groups based on median multiple
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Hong Kong was the least affordable market in the English-speaking world
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The top 10 most unaffordable cities include Sydney, Vancouver, and San Jose
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Remote work during pandemic increased demand for housing
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The report blames urban containment policies for affordability issues
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These policies limit sprawl and increase density in certain areas
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Constrained land supply leads to dramatically higher house prices
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The report also includes most affordable housing markets
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