Hong Kong Housing Market "Least Affordable" In World

10 Least Affordable Major Metropolitan Markets (Source: Demographia)



Hong Kong (dpa) - Buying a home in Hong Kong was the least affordable of anywhere in the world in terms of residents' purchasing power, according to a survey. Average apartment prices were 19 times the gross annual median income, the US-based Demographia found, up from 17 times in 2014. Hong Kong's housing market was also…