The most expensive place to live in 2017 is revealed
Posted: Jan 23, 2017 12:05 AM PST
(CNN/MEREDITH) — They may be in opposite corners of the globe, but Hong Kong, Sydney and Vancouver have one thing in common.
They’re the top three most unaffordable housing markets in the world, according to the 13th Annual Demographia International Housing Affordability Survey. …
The report scored housing markets based on median house price and annual median household income to calculate affordability.
A total of 406 urban markets were analyzed in nine countries — Australia, Canada, Hong Kong, Ireland, Japan, New Zealand, Singapore, United Kingdom, and the United States — using data from the third quarter of 2016.
So it’s not exactly the entire world.
Here’s the complete list of the world’s most expensive housing markets in 2017:
1. Hong Kong, China
2. Sydney, NSW, Australia
2. Vancouver, BC, Canada
4. Auckland, New Zealand
5. San Jose, CA, US
6. Melbourne, VIC, Australia
7. Honolulu, HI, US
8. Los Angeles, CA, US
9. San Francisco, CA, US
10. Bournemouth & Dorset, UK
Bournemouth is a beach resort town on the south coast of England. All of these cities are on coastlines.
Other than Bournemouth, it looks pretty much like Chinese Money.