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20-01-2015, 01:16 PM
(This post was last modified: 26-01-2016, 10:43 AM by CityFarmer.)
Excerpt from the survey:
EXECUTIVE SUMMARY
The 11th Annual Demographia International Housing Affordability Survey covers 378 metropolitan markets in nine countries (Australia, Canada, China, Ireland, Japan, New Zealand, Singapore, the United Kingdom and the United States). A total of 86 major metropolitan markets --- with more than 1,000,000 population --- are included, including five of the six largest metropolitan areas in the high income world (Tokyo-Yokohama, New York, Osaka-Kobe-Kyoto, Los Angeles, and London). An interactive map in The New Zealand Herald highlights the housing affordability ratings.
This year's edition includes a comparison with housing affordability indexes by The Economist, for the major metropolitan areas in China (excluding Hong Kong, which is rated in the Demographia Survey) and by Kookmin Bank for South Korea (the Republic of Korea).
Rating Housing Affordability
The Demographia International Housing Affordability Survey rates housing affordability using the “Median Multiple.” The Median Multiple is widely used for evaluating urban markets, and has been recommended by the World Bank and the United Nations and is used by the Joint Center for Housing Studies, Harvard University. The Median Multiple and other similar price-to-income multiples (housing affordability multiples) are used to compare housing affordability between markets by the Organization for Economic Cooperation and Development, the International Monetary Fund, The Economist, and other organizations.
...............
Rating / Median Multiple
Severely Unaffordable / 5.1 & Over
Seriously Unaffordable / 4.1 to 5.0
Moderately Unaffordable / 3.1 to 4.0
Affordable / 3.0 & Under
Housing Affordability in 2014
The most affordable major metropolitan markets in 2014 were in the United States, which had a moderately unaffordable rating of 3.6. Canada and Ireland were rated "seriously unaffordable," with a Median Multiple of 4.3, along with Japan (4.4), the United Kingdom (4.7) and Singapore (5.0). Australia (6.4), New Zealand (8.2) and Hong Kong (17.0) were severely unaffordable (Table ES-2).
To read more, download the report from:
http://www.demographia.com/dhi.pdf
http://www.demographia.com/dhi11-media.pdf
Links to the websites:
http://www.demographia.com/
http://www.performanceurbanplanning.org/
EXECUTIVE SUMMARY
The 11th Annual Demographia International Housing Affordability Survey covers 378 metropolitan markets in nine countries (Australia, Canada, China, Ireland, Japan, New Zealand, Singapore, the United Kingdom and the United States). A total of 86 major metropolitan markets --- with more than 1,000,000 population --- are included, including five of the six largest metropolitan areas in the high income world (Tokyo-Yokohama, New York, Osaka-Kobe-Kyoto, Los Angeles, and London). An interactive map in The New Zealand Herald highlights the housing affordability ratings.
This year's edition includes a comparison with housing affordability indexes by The Economist, for the major metropolitan areas in China (excluding Hong Kong, which is rated in the Demographia Survey) and by Kookmin Bank for South Korea (the Republic of Korea).
Rating Housing Affordability
The Demographia International Housing Affordability Survey rates housing affordability using the “Median Multiple.” The Median Multiple is widely used for evaluating urban markets, and has been recommended by the World Bank and the United Nations and is used by the Joint Center for Housing Studies, Harvard University. The Median Multiple and other similar price-to-income multiples (housing affordability multiples) are used to compare housing affordability between markets by the Organization for Economic Cooperation and Development, the International Monetary Fund, The Economist, and other organizations.
...............
Rating / Median Multiple
Severely Unaffordable / 5.1 & Over
Seriously Unaffordable / 4.1 to 5.0
Moderately Unaffordable / 3.1 to 4.0
Affordable / 3.0 & Under
Housing Affordability in 2014
The most affordable major metropolitan markets in 2014 were in the United States, which had a moderately unaffordable rating of 3.6. Canada and Ireland were rated "seriously unaffordable," with a Median Multiple of 4.3, along with Japan (4.4), the United Kingdom (4.7) and Singapore (5.0). Australia (6.4), New Zealand (8.2) and Hong Kong (17.0) were severely unaffordable (Table ES-2).
To read more, download the report from:
http://www.demographia.com/dhi.pdf
http://www.demographia.com/dhi11-media.pdf
Links to the websites:
http://www.demographia.com/
http://www.performanceurbanplanning.org/
The only way to avoid making mistakes is not to do anything. And that … will be the ultimate mistake. - Goh Keng Swee
A pessimist complains about the wind; an optimist expects it to change; the realist adjusts the sails. - W. A. Ward
Learn from the mistakes of others. You won't live long enough to make them all yourself. - Jane Bryant Quinn
人生最大錯誤，用健康換取身外之物。 ^ 人生无常，珍惜当下。 ^ 放弃固执，适时变通。 ^ 前面是绝路，希望在转角。
A pessimist complains about the wind; an optimist expects it to change; the realist adjusts the sails. - W. A. Ward
Learn from the mistakes of others. You won't live long enough to make them all yourself. - Jane Bryant Quinn
人生最大錯誤，用健康換取身外之物。 ^ 人生无常，珍惜当下。 ^ 放弃固执，适时变通。 ^ 前面是绝路，希望在转角。
