In 2021, the average house price-to-income ratio of the world's first-tier cities is released; the house price-to-income ratio refers to the ratio of housing prices / annual household income of urban residents; will house prices fall in 2022?
How long does it take to work in your city to buy a home?
In the wage competition of various countries in the world, the average after-tax wage in Hong Kong, China is 19719 yuan, ranking 12th in the world
As a measure of the housing affordability of regional or urban residents and whether the level of housing prices is in a reasonable range, it reflects the matching relationship between residents' household income and housing expenditure.
For example: a house of 80 square meters in Shanghai, the total price of the house is 5 million, the monthly salary of the couple is 12,000, the house price income ratio is equal to 5,000,000 / (12,000 * 2 people * 12 months) Calculate the house price income ratio of 17.36; simple can also be understood as the couple has to work for 17.36 years to buy a house;
From the latest global house price to income ratio, China ranks 6th in the house price income ratio of major countries, and first-tier cities need to work for 27.8 years to buy a house; this data is relatively consistent with the current overall mortgage time of about 30 years;
In the same period, South Korea's house price-to-income ratio was 26.1, Japan only needed 11.6 years to buy a house; India's house price-to-income ratio was 10.8;
The House Price to Income Ratio in France is 10.05; the House Price to Income Ratio in the United Kingdom is 9.46; and the House Price to Income Ratio in Germany is 8.88;
The house price-to-income ratio in Saudi Arabia is only 2.66, and after working in Saudi Arabia for less than 3 years, a family can buy their own house;
| Average house price-to-income ratio in global first-tier cities in 2021 (house price/annual income of residents) |
| Country/Region | Price-to-income ratio | Gross Rental Yield (City Centre) | Gross Rental Yield (Suburbs) | Price-to-rent ratio (city centre) | Price-to-rent ratio (suburban) |
| Ghana | 101.2 | 10.22 | 0.29 | 9.78 | 341.56 |
| Syria | 66.09 | 3.13 | 3.26 | 31.99 | 30.64 |
| Hong Kong, China | 45.71 | 1.6 | 1.67 | 62.4 | 59.72 |
| Cambodia | 39.84 | 4.66 | 5.04 | 21.47 | 19.85 |
| Sri Lanka | 38.56 | 2.34 | 2.68 | 42.72 | 37.33 |
| Jamaica | 35.21 | 3 | 1.45 | 33.35 | 68.99 |
| Iran | 34.87 | 3.81 | 4.65 | 26.21 | 21.51 |
| Philippines | 30.2 | 3.23 | 3.2 | 30.93 | 31.29 |
| China | 27.89 | 1.52 | 1.74 | 65.64 | 57.63 |
| Kenya | 27.05 | 2.01 | 4.96 | 49.87 | 20.15 |
| Argentina | 26.37 | 2.19 | 2.09 | 45.64 | 47.81 |
| Korea | 26.08 | 0.95 | 1.17 | 104.88 | 85.36 |
| Nepal | 22.15 | 2.24 | 3 | 44.6 | 33.37 |
| Indonesia | 21.52 | 4.02 | 4.69 | 24.91 | 21.32 |
| Thailand | 21.21 | 3.17 | 3.63 | 31.52 | 27.54 |
| Vietnam | 19.75 | 4.2 | 5.38 | 23.81 | 18.6 |
| Peru | 18.77 | 4.6 | 4.18 | 21.73 | 23.91 |
| Uruguay | 18.49 | 3.7 | 3.6 | 27 | 27.78 |
| Armenia | 18.1 | 4.99 | 4.97 | 20.06 | 20.12 |
| Chile | 18.08 | 3.76 | 3.87 | 26.62 | 25.82 |
| Algeria | 17.81 | 3.1 | 3.71 | 32.27 | 26.98 |
| Singapore | 17.63 | 2.61 | 3.12 | 38.28 | 32.02 |
| Azerbaijan | 17.57 | 4.49 | 5.07 | 22.26 | 19.72 |
| Colombia | 17.48 | 4.75 | 4.28 | 21.06 | 23.35 |
| Uzbekistan | 17.42 | 6.11 | 7.68 | 16.36 | 13.02 |
| Belarus | 16.24 | 4.41 | 4.22 | 22.67 | 23.71 |
| Brazil | 15.96 | 4.18 | 4.24 | 23.92 | 23.6 |
| Serbia | 15.89 | 3.14 | 3.35 | 31.83 | 29.81 |
| Russia | 15.31 | 4.67 | 4.57 | 21.4 | 21.86 |
| Bangladesh | 14.91 | 3 | 3.12 | 33.33 | 32.01 |
| Paraguay | 14.69 | 5.77 | 6.57 | 17.34 | 15.22 |
| Guatemala | 14.68 | 7.04 | 7.21 | 14.21 | 13.87 |
| El Salvador | 14.66 | 7.24 | 7.12 | 13.81 | 14.05 |
| Venezuela | 14.52 | 8.28 | 8.52 | 12.08 | 11.74 |
| Montenegro | 14.36 | 4.09 | 4.27 | 24.47 | 23.43 |
| Georgia | 14.35 | 5.45 | 6.52 | 18.35 | 15.33 |
| Poland | 14.13 | 4.19 | 4.85 | 23.88 | 20.61 |
| Malta | 14.11 | 4.85 | 5.83 | 20.61 | 17.16 |
| Nigeria | 14.02 | 36.56 | 32.12 | 2.74 | 3.11 |
| Albania | 13.74 | 4.07 | 5.17 | 24.59 | 19.34 |
| Czech Republic | 13.71 | 3.16 | 3.43 | 31.69 | 29.18 |
| Pakistan | 13.6 | 4.09 | 4.43 | 24.43 | 22.59 |
| Croatia | 13.59 | 3.24 | 3.47 | 30.86 | 28.78 |
| Afghanistan | 13.59 | 3.21 | 3.69 | 31.16 | 27.11 |
| Ecuador | 13.32 | 5.64 | 5.66 | 17.74 | 17.66 |
| dominica | 13.03 | 6.9 | 6.82 | 14.49 | 14.67 |
| Luxembourg | 13 | 3.13 | 3.42 | 31.98 | 29.23 |
| Portugal | 12.92 | 4.69 | 5.61 | 21.33 | 17.84 |
| Morocco | 12.91 | 4.81 | 4.94 | 20.79 | 20.26 |
| Israel | 12.87 | 2.89 | 2.86 | 34.66 | 35.02 |
| Egypt | 12.73 | 5.78 | 6.44 | 17.3 | 15.54 |
| Kuwait | 12.53 | 3.29 | 5.09 | 30.4 | 19.66 |
| North Macedonia | 12.24 | 4.08 | 3.8 | 24.53 | 26.29 |
| Lebanon | 12.1 | 5.79 | 6.12 | 17.27 | 16.35 |
| Moldova | 11.8 | 5.54 | 5.82 | 18.03 | 17.17 |
| Slovenia | 11.67 | 3.41 | 3.55 | 29.32 | 28.2 |
| Japan | 11.59 | 2.27 | 2.6 | 44.1 | 38.51 |
| Tunisia | 11.56 | 4.89 | 4.83 | 20.44 | 20.72 |
| Panama | 11.36 | 7.61 | 8.18 | 13.13 | 12.23 |
| Ukraine | 11.21 | 6.71 | 7.16 | 14.9 | 13.97 |
| Slovakia | 11.08 | 4.52 | 4.9 | 22.1 | 20.4 |
| Bosnia | 11.02 | 3.31 | 3.22 | 30.22 | 31.03 |
| Austria | 10.91 | 3.08 | 3.38 | 32.47 | 29.54 |
| Mexico | 10.88 | 6.94 | 6.83 | 14.42 | 14.64 |
| India | 10.78 | 3.14 | 3.74 | 31.89 | 26.76 |
| Mongolia | 10.76 | 7.95 | 6.67 | 12.58 | 14.99 |
| Kosovo | 10.7 | 4.9 | 4.92 | 20.4 | 20.33 |
| Hungary | 10.64 | 3.78 | 4.19 | 26.44 | 23.86 |
| Lithuania | 10.49 | 3.66 | 4.12 | 27.33 | 24.29 |
| Romanian | 10.25 | 4.57 | 4.56 | 21.86 | 21.91 |
| Costa Rica | 10.04 | 6.31 | 5.67 | 15.85 | 17.63 |
| France | 10.04 | 2.73 | 3.06 | 36.67 | 32.68 |
| Honduras | 10.02 | 6.72 | 5.07 | 14.87 | 19.72 |
| Malaysia | 9.97 | 3.59 | 3.85 | 27.88 | 26.01 |
| Greece | 9.61 | 4.65 | 4.51 | 21.51 | 22.17 |
| Kazakhstan | 9.49 | 6.97 | 6.79 | 14.34 | 14.72 |
| United Kingdom | 9.46 | 3.62 | 3.89 | 27.64 | 25.73 |
| Estonia | 9.37 | 3.62 | 3.89 | 27.64 | 25.73 |
| Spain | 9.22 | 4.51 | 5.14 | 22.16 | 19.46 |
| Bolivia | 8.98 | 7.05 | 6.67 | 14.18 | 15 |
| Germany | 8.88 | 3.15 | 3.38 | 31.77 | 29.55 |
| Iraq | 8.79 | 5.88 | 7.74 | 17.01 | 12.92 |
| Italy | 8.76 | 4.01 | 4.92 | 24.93 | 20.34 |
| Turkey | 8.72 | 6 | 5.78 | 16.68 | 17.3 |
| Finland | 8.57 | 3 | 3.99 | 33.34 | 25.05 |
| Bulgaria | 8.3 | 4.96 | 5.46 | 20.18 | 18.31 |
| Latvia | 8.3 | 4.64 | 4.91 | 21.56 | 20.35 |
| Switzerland | 8.18 | 2.97 | 3.34 | 33.71 | 29.98 |
| Norway | 8.09 | 3.68 | 4.1 | 27.17 | 24.36 |
| Jordan | 7.91 | 5.98 | 6.72 | 16.73 | 14.88 |
| Bahrain | 7.87 | 7.08 | 7.24 | 14.12 | 13.8 |
| New Zealand | 7.78 | 4.63 | 5.04 | 21.62 | 19.84 |
| Sweden | 7.71 | 3.34 | 3.8 | 29.95 | 26.32 |
| Netherlands | 7.28 | 5.18 | 5.26 | 19.3 | 19 |
| Australia | 7.27 | 4.25 | 4.39 | 23.52 | 22.8 |
| Canada | 7.24 | 4.87 | 5.45 | 20.53 | 18.35 |
| Belgium | 7.01 | 4.62 | 4.88 | 21.64 | 20.51 |
| Denmark | 7 | 3.85 | 4.07 | 25.95 | 24.57 |
| Ireland | 6.69 | 6.32 | 7.46 | 15.82 | 13.41 |
| Cyprus | 6.57 | 7.02 | 7.59 | 14.25 | 13.18 |
| Qatar | 6.13 | 7.53 | 7.04 | 13.27 | 14.21 |
| Iceland | 6.11 | 6.53 | 7.38 | 15.32 | 13.55 |
| Oman | 5.45 | 5.86 | 5.17 | 17.05 | 19.35 |
| Palestine | 4.67 | 7.67 | 7.95 | 13.04 | 12.58 |
| U.A.E | 4.49 | 9.3 | 8.72 | 10.76 | 11.47 |
| Puerto Rico | 4.15 | 7.78 | 7.67 | 12.86 | 13.05 |
| United States | 4.04 | 7.74 | 10.48 | 12.92 | 9.54 |
| South Africa | 3.44 | 9.52 | 11.44 | 10.5 | 8.74 |
| Saudi Arabia | 2.66 | 8.03 | 8.02 | 12.46 | 12.47 |
House prices will fall
