Canada, New Zealand, and Sweden are the top three countries with the most unsustainable housing markets in the world, according to a new report.
They have the highest cost of housing compared with wages, beating Norway (No. 4), Australia (No. 5), Belgium (No. 6), and the United Kingdom (No. 7)- which are also vulnerable.
Key Housing Market Indicators: house price-rent ratio (the ratio of house prices to the annualized cost of rent); house price-income ratio (the ratio of house prices to household income); real house prices (housing prices adjusted for inflation); and credit to households percentage of GDP (amount of debt held by households, compared to total economic output).
Most unsustainable housing markets in the world, 2019:
- New Zealand
- United Kingdom
- United States
- South Korea
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