The least affordable places to live in 2017

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They`re the top three most unaffordable housing markets in the world, according to the 13th Annual Demographia International Housing Affordability Survey: 2017 , published today. Story highlights Demographia International Housing Affordability Survey names Hong Kong most expensive housing market in the world. Subdivided flats smaller than 100 square feet (9 square meters) can rent for $385 in the Asian city. Hong Kong`s property prices have been driven up by an inflow of capital from mainland China, expert says. Sydney and Vancouver are the second and third more expensive housing markets, respectively(CNN) They may be in opposite corners of the globe, but Hong Kong, Sydney and Vancouver have one thing in common.

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