from Telegraph.co.uk
The Global Cities Business Alliance has analysed the most expensive cities to rent in the world, as a proportion of residents’ average salaries.
In each city, the report gives the cost of a normal home – standardised by the average house size – and the average housing cost as a proportion of earnings.
Lesley Saville, chief executive, said: “The 15 cities we investigated are all struggling to keep housing development in line with population growth. There is no simple solution.”