Colombo has been ranked the most unaffordable city in the world for buying property, according to the latest Property Prices Index from Numbeo, the world's largest cost-of-living database. The data show that the price-to-income ratio in Colombo is 55.3, meaning the average property costs more than 55 times the average annual income. By comparison, the gross rental...
Colombo has been ranked the most unaffordable city in the world for buying property, according to thelatest Property Prices Indexfrom Numbeo, the world's largest cost-of-living database. The data show that the price-to-income ratio in Colombo is 55.3, meaning the average property costs more than 55 times the average annual income.
Summarised from Ada Derana Biz
Organisations- Numbeo Property Investment
- Numbeo
Places- Hong Kong2
- Kathmandu2
- Shanghai2
- Colombo2
- Mumbai2
- Philippines
- Phnom Penh
- Sri Lanka
Keywords- ranked2
- world2
- city2
- unaffordable
- difficult
- average
- buyers
- income
- earth
- figur
Names and places drawn from every article in this story. The number shows how many of them mentioned it.
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