Housing Crisis - Expensive Rental Markets: Difference between revisions

<span style="font-size:x-large;">'''Global'''</span>

<span style="font-size:larger;">15 cities [taken from a 2016 report by the Global Cities Business Alliance, [https://www.businessincities.com/publication/housing-for-inclusive-cities-the-economic-impact-of-high-housing-costs/?from-search=1 ''Housing for Inclusive Cities: the economic impact of high housing costs'']] ranked from most to least affordable on the basis of&nbsp;average percentage of earnings spent on rent:</span>

*<span style="font-size:larger;">15. Boston, US — £1073 ($1,540)/30% of income</span>

*<span style="font-size:larger;">14. Sao Paulo, Brazil —£335 ($480)/30.2% of income</span>

*<span style="font-size:larger;">13. Sydney, Australia — £774 ($1,111)/32.1% of income</span>

*<span style="font-size:larger;">12. Singapore — £720 ($1,033)/33% of income</span>

*<span style="font-size:larger;">11. Chicago, US — £960 ($1,377)/35.6% of income</span>

*<span style="font-size:larger;">10. Paris, France — £613 ($880)/36.2% of income</span>

*<span style="font-size:larger;">9. London, UK — £997 ($1,430)/50.4% of income</span>

*<span style="font-size:larger;">8. San Francisco, US — £1,968 ($2,824)/50.5% of income</span>

*<span style="font-size:larger;">7. Dubai, United Arab Emirates — £893 ($1,281)/55.4% of income</span>

*<span style="font-size:larger;">6. Mexico City, Mexico — £268 ($385)/58% of income</span>

*<span style="font-size:larger;">5. Shanghai, China — £361 ($518)/58.3% of income</span>

*<span style="font-size:larger;">4. New York City, US — £,1832 ($2,629)/63.1% of income</span>

*<span style="font-size:larger;">3. Hong Kong, China — £1,345 ($1,930)/64% of income</span>

*<span style="font-size:larger;">2. Abu Dhabi, United Arab Emirates —£1,714 ($2,460)/69.5% of income</span>

*<span style="font-size:larger;">1. Beijing, China —£550 ($789)/122.9% of income</span>

Source: Pantazi, C. (22 April 2016).[http://uk.businessinsider.com/most-expensive-cities-for-renters-2016-4 The 15 most expensive cities in the world for renters]. Business Insider UK.