Hong Kong housing prices and household income ratio of 11.4 is extremely difficult to afford the level of

 Housing prices and household income ratio of 11.4 is extremely difficult to afford the level of experts said the highest price earnings ratio should not exceed 7

(Reporter Wang Jin Yu Li Shi Xiang) U.S. consultants Demographia released this morning 2011 annual global housing affordability report, the investigation of the world's 325 major cities, Hong Kong's housing prices equal to the median annual household income of 11.4 times, levels are extremely difficult burden, ranking first in the list.

reported that house prices in the median household income within 3 times, can be said to be When the price is equivalent to the median annual household income is 5 times or more are

report compares 32 cities in Australia, Canada, 35 cities, 211 cities in the United States and Hong Kong, China and other major cities of the price level.

115 affordable level of living in cities, mainly in the United States and Canada. The rest can not afford both at the level, and there are 74 cities within the level in the difficult burden.

reporter noted that the burden of the Hong Kong price level is 11.4 times the annual household income in the surveyed cities reported the highest, the situation is extremely difficult burden. In addition, followed by Sydney and Vancouver, Canada.

reports indicated that the most difficult burden of housing markets, land use regulations are more stringent management of the existence, thereby greatly pushed up land prices, house prices have gone up.

Demographia the major English-speaking countries and on six of the 325 cities of Hong Kong conducted a survey to investigate the burden of house prices around the level of 2010, the report was provided to the World Bank and the United Nations reference.

urban housing prices and median annual income of more than

Hong Kong, China 11.4 times

Sydney, Australia, 9.6 times

9.5 times in Vancouver, Canada

Melbourne, Australia, 9.0 times

Plymouth, UK and German 7.5 times

7.2 times in San Francisco and Oakland

7.2 Greater London United Kingdom times

Adelaide, Australia, 7.1 times

6.7 times in San Jose, California

Brisbane, Australia, 6.6 times

Note: Housing price earnings ratio of more than 5 times can not afford into the city, the higher number of representatives of the more difficult burden.

experts read

highest price earnings ratio should not exceed 7

Chinese Academy of Social Sciences researcher at the Institute of Urban Development and Environment Feng Shui Niu accepted method in the late morning interview, said there are two algorithms calculate the average, one is divided by the total number of derived average. The other is the method of calculating the median, in short, is the calculation of the median for the overall highest to lowest sort of order, and then take the middle value.

price earnings ratio is generally calculated using this value to calculate the median.

for the price earnings ratio, foreign and domestic urban city contrast of view, Feng Shui Niu said the price earnings ratio of price level is an important tool, but for the comparison of different countries and periods to be careful.

, for example, is often referred to the world than the usual price and income to determine the level of current prices, the lack of comprehensive data currently support.

price earnings ratio the most straightforward explanation is that the higher the ratio, the number of years that people save money to buy a house longer.

Chinese Academy of Social Sciences in 2011 had published Among them, Bibi income of urban residents in 2009 prices increased by 0.46 to 8.3.

of the CPC Central Party School professor, said Zhou Tianyong, according to the relationship between income and house prices and household debt consider bankruptcy risk, price earnings ratio is more appropriate to keep the 3-6, the maximum should not exceed 7. Text / reporter Wang (microblogging) Health