Ranked: Most Unsustainable Housing Markets In The World, 2019
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:
- Canada
- New Zealand
- Sweden
- Norway
- Australia
- Belgium
- United Kingdom
- Netherlands
- Ireland
- Denmark
- Spain
- Austria
- France
- United States
- Switzerland
- Portugal
- Finland
- Germany
- Greece
- Italy
- Japan
- South Korea
Have you read?
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