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:

1. Canada
2. New Zealand
3. Sweden
4. Norway
5. Australia
6. Belgium
7. United Kingdom
8. Netherlands
9. Ireland
10. Denmark
11. Spain
12. Austria
13. France
14. United States
15. Switzerland
16. Portugal
17. Finland
18. Germany
19. Greece
20. Italy
21. Japan
22. South Korea

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